BURLINGTON, Mass. – September 19, 2012 - Veracode, Inc., the leader in cloud-based application security testing, today announced the first solution of its kind to help enterprises and their software vendors protect against security breaches and data theft. The Vendor Application Security Testing (VAST) program provides an independent, automated, and fully outsourced program to help enterprises reduce the security risks associated with the use of vendor-supplied software, while strengthening vendor compliance with enterprise application security policies.
According to the 2012 PWC Security Report, up to 80 percent of third party software fails basic OWASP tests for security compliance; yet most IT organizations do not have the time, budget, internal resources, or access to vendor source code to run a meaningful vendor application security program. The result: Enterprises are taking on unbounded risk as their investment in outsourced, commercial, SaaS, mobile and open source applications increases.
“Application security testing of third party providers should be a critical element of any information security initiative,” said Joseph Feiman, Research Vice President and Gartner Fellow, Gartner. “Enterprises need to start putting pressure on their providers to request independent security verification of vendor-supplied software to fully guarantee software supply chain integrity.”
The VAST program from Veracode protects the enterprise and its software vendors by facilitating collaboration between both parties to ensure vendor-supplied software meets security and compliance requirements. The VAST program delivers unprecedented insight into the security of third-party software without compromising a vendor’s intellectual property as Veracode can provide verification of software security without accessing source code.
“The vast majority of enterprise software is not designed or built with security in mind,” said Bob Brennan, CEO of Veracode. “Veracode can provide immediate insight into the security of the software that runs an organization’s business, and help its software providers remediate those flaws that subject it to being attacked.”
For more information about VAST, meet with Veracode at the Gartner Security & Risk Summit, London, England (Booth PL9), September 19th-20th or visit Veracode’s Web site: VAST Program
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 including Global 2000 brands such as Barclays PLC and Computershare as well as the California Public Employees’ Retirement System (CalPERS) and the Federal Aviation Administration (FAA). For more information, visit www.veracode.com, follow on Twitter: @Veracode or read the Veracode Blog.
Copyright © 2012 Veracode, Inc. All Rights Reserved. All other brand names, product names, or trademarks belong to their respective holders.
Fiona Bates
Weber Shandwick
+44 (0)207 067 0703
email: fiona.bates@webershandwick.com