Intelligent CISO Issue 08 | Page 69

Veracode releases latest State of Software Security report common vulnerability category in all industries, following information leakage and cryptographic issues, suggesting this is an industry-wide dilemma with developing quality code. “In the wake of GDPR, it’s vital that retailers have visibility into risk associated with code flaws,” said Paul Farrington, Director of EMEA and APJ at Veracode. eracode’s latest State of Software Security report (SoSS) has revealed retail is faster than most industries when it comes to addressing common vulnerabilities found in software. The global report found retail is second only to healthcare in its speed of shutting down flaws, which reduces risk exposure. V In the wake of GDPR, it’s vital that retailers have visibility into risk associated with code flaws. reducing their risk the fastest, with the retail sector remediating a quarter of vulnerabilities in 14 days and 50% of flaws in 64 days. In fact, retail outpaces the average speed of fix at every interval across all industries, meaning the sector remains consistent with its urgency in closing vulnerabilities. Veracode’s report also investigated flaw persistence or how long a flaw lingers after first being discovered. The report showed healthcare and retail are Even as it is making strides to reduce risk, retail recorded the highest amount of code quality flaws of all other verticals at 65%. Code quality is the third most www.intelligentciso.com | Issue 08 About Veracode Veracode is a leader in helping organisations secure the software that powers their world. Veracode’s SaaS platform and integrated solutions help security teams and software developers find and fix security-related defects at all points in the software development lifecycle, before they can be exploited by hackers. Its complete set of offerings help customers reduce the risk of data breaches, increase the speed of secure software delivery, meet compliance requirements, and cost effectively secure their software assets, whether that’s software they make, buy or sell. u 69 However, two thirds (66%) of current applications used by retailers are at risk from information leakage attacks, in which an application reveals sensitive data that can be used by an attacker to exploit the target web application, its hosting network or its users. The retail sector reported the third-most information leakage issues behind the technology and financial services industries. “With the busy holiday shopping season arriving, vulnerabilities in applications can allow attackers seeking sensitive information such as consumer payment data a way in. Many retailers are showing an aptitude for remediating flaws quickly to help improve security and protect their high value information. This is promising, yet the persistence and prevalence of vulnerabilities that continues to plague retailers calls for both increased speed of fix and better prioritising which flaws to fix first.”