Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Financial institutions face a tricky balancing act: they need to innovate quickly while also following strict compliance rules in an environment where security is paramount. Recently, Snyk's Field CTO, Steven Schmidt, sat down with Mihai Saveschi, Senior Director of Security Service Management at CIBC, for a fireside chat to discuss these pressing issues. We’ve pulled key insights from their conversation on some of the most pressing AppSec challenges facing financial services organizations today.

Product Name: Volmarg Personal Management System Vulnerability: Stored Cross-Site Scripting (XSS) Vulnerable Version: v1.4.65 CVE: CVE-2024-53568 The researchers from Astra’s security team, on March 06, 2025, discovered a stored cross-site scripting (XSS) vulnerability in Volmarg Personal Management System v1.4.65. The issue was identified in the “Tags” field on the “Image Upload” page, where improper user input validation allowed attackers to execute arbitrary scripts.

Product Name: RosarioSIS Student Information System Vulnerability: Content Spoofing Vulnerable Version: v12.0.0 CVE: To Be Assigned The researchers from Astra’s security team, on March 4, 2025, discovered a content spoofing vulnerability in the Demo Web Application. This issue was identified in the “Theme” configuration under “My Preferences,” where improper user input validation allowed attackers to manipulate application settings.

The regreSSHion vulnerability generated a lot of buzz and attention in mid-2024 that has since faded away. That’s in part because there’s no evidence that it was ever exploited. But, I argue it’s simply too dangerous not to patch, and that your vulnerability program needs to be flexible enough so that you can escalate exceptional cases like regreSSHion.

Imagine a hidden flaw in software that no one—except cybercriminals—knows about. A zero-day vulnerability is exactly that: a security weakness that hasn’t been discovered or patched by developers. Because there’s no fix, attackers can exploit these flaws before anyone has a chance to defend against them.

With the rapid and dynamic nature of the digital world of today, businesses are seeing a mounting high rate of cybersecurity attacks. Cyber attackers keep evolving and coming up with new methods of breaching their systems, which leaves security teams under immense pressure to identify, assess, and remediate vulnerabilities at scale. Traditional methods of vulnerability management are typically behind the curve because the sheer volume of threats is overwhelming.