BURLINGTON, Mass. – May 21, 2012 - Over the last few years, some of the most disruptive security breaches occurred at some of the world’s most recognized public corporations, taking advantage of vulnerabilities in software applications that allowed access to customer data and intellectual property. This development led the United States Securities and Exchange Commission to release a guidance in October 2011 that suggest public companies should disclose any potential cybersecurity risks in their public filings as these risks are material to current and potential investors
Veracode’s latest infographic “Cybersecurity
Risks in Public Companies
” examines the state of software security in public companies, highlighting why companies and investors should be concerned.
“Despite the billions of dollars spent annually to lock down corporate networks, data breaches still happen regularly at public companies, as shown by the statistics highlighted in this infographic,” said Connie Stack, vice president of corporate marketing, Veracode. “This is because the security perimeter has expanded to more unwieldy application layer and companies need to ensure their internally developed and third party applications are secure.”
“Cybersecurity Risks in Public Companies” is available for download from the Veracode site: http://www.veracode.com/blog/2012/05/state-of-software-security-cybersecurity-risks-in-public-companies. Interested parties have permission to embed and share the infographic on their websites or blogs with attribution.
Veracode is the only independent provider of cloud-based application intelligence and security verification services. The Veracode platform provides the fastest, most comprehensive solution to improve the security of internally developed, purchased or outsourced software applications and third-party components. By combining patented static, dynamic and manual testing, extensive eLearning capabilities, and advanced application analytics, Veracode enables scalable, policy-driven application risk management programs that help identify and eradicate numerous vulnerabilities by leveraging best-in-class technologies from vulnerability scanning to penetration testing and static code analysis. Veracode delivers unbiased proof of application security to stakeholders across the software supply chain while supporting independent audit and compliance requirements for all applications no matter how they are deployed, via the web, mobile or in the cloud. Veracode works with customers in more than 80 countries worldwide representing Global 2000 brands. For more information, visit www.veracode.com, follow on Twitter: @Veracode or read the Veracode Blog.