With its new platform and payment processing changes, Cobalt.io is aiming to change the way that companies invest in penetration testing services.
Penetration testing is the practice of checking an application for vulnerabilities before it is released to the public.
Co-founder and CEO Jacob Hansen says that traditional penetration testing is both time-consuming and expensive.
From the point of launching the company in 2013, the goal was to introduce a digital element to the process.
To accomplish this, it created a marketplace of vetted penetration testers.
Additionally, it created a platform powered by these freelancers through which you can schedule a test.
In its traditional form, ordering such penetration testing services would involve a series of emails and phone call exchanges.
The digital platform is an attempt to revolutionise and streamline the process.
According to Hansen, it is a bit like firing up Turbo Tax but for the purposes of penetration testing.
He said that the process shares many similarities with it and makes the process much faster and more convenient, both for the tester and the client.
Furthermore, it is a step up from the traditional data gathering and delivering a list of issues.
Instead, whenever a tester uncovers an issue, the system automatically flags it and sends it to Jira.
Once there, it integrates with the developer’s workflow and can be handled almost in real time.
Hansen likes to think of the new platform as a modern Pentest as a Service (PtaaS) solution.
It has the following advantages over the traditional alternatives: better workflow, ease of integration, and real-time handling.
The pricing model is designed to be flexible – instead of paying per test, clients can load up their accounts with credits.
That way, regular customers can benefit from availability and cost certainty.
Last year alone, Cobalt executed 1,000 penetration tests – this year, it hopes to triple the number.