3rd Party Risk Management , Finance & Banking , Governance & Risk Management

Financial Services Study Shows Why Investing in AppSec Matters

Presented by Synopsys 60 minutes

If you're a provider of financial services, then client trust, privacy, and risk management are critical to your success. Therefore, you must protect your organization's sensitive data from cyber attacks and data breaches. A recent survey of current software security practices in the financial services industry explores the industry's software security posture and its ability to address security-related issues.

In this webinar, Drew Kilbourne, managing director, Synopsys, will review findings from the report and discuss what they mean for the industry at large, including:

56% of organizations had experienced an attack resulting in system failure and downtime
74% were concerned about security vulnerabilities introduced by third-party suppliers, but less than 43% said they require third parties to adhere to cyber security requirements
Only 34% of financial applications are tested for vulnerabilities, and only 25% of respondents were confident in their ability to detect vulnerabilities before going to market