VersaBank issued the following announcement on Feb. 20.

VersaBank (TSX: VB, VB.PR.A, VB.PR.B) (“VersaBank”) announced today that it has hired Upneet Singh as a Cyber Security Lead focusing on Security Vulnerabilities and Penetration Testing to join VersaVault’s senior cyber security team developing its Blockchain based vault initiative to securely store digital property.

Upneet has significant experience with security risk assessments, security standards and management, architecture security, network and application security, penetration testing, vulnerability assessments, and security audits, and is a leader in this field. He was most recently employed by Blackberry as their Senior Security Specialist. Upneet will join the team of software engineers at VersaVault, experienced in both the secure development and integrity of cyber security solutions, to design its novel Blockchain based digital safety deposit box, so that VersaBank’s customers can easily, safely and privately store their digital valuables, including crypto currencies, with the security and trust that comes with a Canadian chartered bank. For more information, visit VersaVault’s website at: http://www.versavault.com

David Taylor, VersaBank’s President & CEO, stated: “This is a very exciting development for the VersaVault. Upneet is a leader in the field of software security, vulnerability assessments and penetration testing. Upneet will act as our in-house security expert to design and continuously test the integrity and vulnerability of our VersaVault. As a leader in the profitable application of innovative digital technologies to financial services, VersaBank has already revolutionized digital lending and deposit taking. With the VersaVault project, we have turned our attention to building this new Blockchain based product that the world desperately needs. As Bitcoin and other crypto currencies become more widely used, and as their utility is becoming more widespread and adopted, holders have already experienced their valuable holdings vanish from the less secure ‘digital storage’ options. Banks have always been known as the safest place to store physical valuables and it is our aim to make VersaVault the safest place to secure your digital valuables, with absolute privacy.”

Original source can be found here.