According to our most recent State of Software Security Report, the financial services industry has fewer security flaws in its applications than last year. Great news, right? That said, the reduction in security flaws isn’t as significant as we would hope to see. The financial services industry has traditionally been recognized for having the least amount of security flaws.
As technology explodes, so do the threats. Point solutions emerge as security players innovate in order to keep up. This creates the need for consolidation, as the fragmented solutions become too much to manage. We’re entering a consolidation phase now, the process of distilling, refining, and letting the cream rise to the top. We sat down with cybersecurity veteran and vigilante, Chris Wysopal, to get his perspective on emerging trends in cloud-native security.
Application security is integral to software development, and the majority of organizations now have dedicated AppSec programs. In the past five years, there has been a marked cultural shift, with application security becoming a strategic initiative that spans departments rather than an activity, like periodic scanning, code reviews, or testing or a transactional event related to a security assessment.
Application security assessments are more critical than ever before. Digital transformation is required to meet the expectations of customers in many industries, meaning that companies are looking for software products to help them modernize their operations and meet those demands. However, choosing a piece of software is an expression of trust: by bringing your software into their network, customers are looking to accomplish their goals without letting attackers in.
The rising number of cyber attacks against software applications has emphasized how security must serve as an important factor in software development. More than the traditional Software Development Lifecycle (SDLC) procedures, now security-integrated development lifecycles are being widely adapted. These aren’t the typical security assessments that are performed at the very end of development of the application, but embedded throughout the lifecycle.
To keep up with the ever-evolving cyber threat landscape, application security is a big challenge. Unfortunately, security is often overlooked in the modern software development and delivery framework and assumed as a luxury. Rather than taking a proactive approach, security is incorporated as a reactive approach that increases costs and makes the company suffer losses.
Netacea is once again recognized under the Bot Management category, a maturing market in 2022.
