MA-VERACODE
11.1.2023 13:51:42 CET | Business Wire | Press release
Veracode, a leading global provider of modern application security testing solutions, today revealed data that could save organizations time and money by helping developers minimize the introduction and accumulation of security flaws in their software. The Veracode State of Software Security 2023 report found that flaw build-up over time is such that nearly 32 percent of applications are found to have flaws at the first scan and by the time they have been in production for five years, nearly 70 percent contain at least one security flaw. Veracode has been publishing its annual report since 2010, summarizing the key discoveries from its diverse customer base.
With the cost of a data breach averaging $4.35 million*, teams should prioritize remediation early in the software development life cycle to minimize risk caused by flaw accumulation. Chris Eng, Chief Research Officer at Veracode, said, “As with all our studies, we set out to provide insights that developers can put into action right away. From this year’s findings, two important considerations emerged: how to lower the chance of flaws being introduced in the first place, and how to reduce the number of those flaws that are introduced. Aside from technical access controls, secure coding practices are all the more crucial for cybersecurity in 2023 and beyond.”
No Direct Correlation Between App Growth and Flaw Introduction
After the initial scan, apps quickly enter a ‘honeymoon period’ of stability, and nearly 80 percent do not take on any new flaws at all for the first 1.5 years. After this point, however, the number of new flaws introduced begins to climb again to approximately 35 percent at the five-year mark.
The study found that developer training, use of multiple scan types, including scanning via API, and scan frequency are influential factors in reducing the probability of flaw introduction, suggesting teams should make them key components of their software security programs. For example, skipping months between scans correlates with an increased chance that flaws will be found when a scan is eventually run. Furthermore, top flaws in apps vary by testing type, highlighting the importance of using multiple scan types to ensure hard-to-identify flaws aren’t missed.
The Fragility of Open Source
With heightened focus on the Software Bill of Materials over the past year, Veracode’s research team also examined 30,000 open-source repositories publicly hosted on GitHub. Interestingly, 10 percent of repositories hadn’t had a commit—a change to the source code—for almost six years. Eng said, “Using a software composition analysis (SCA) solution that leverages multiple sources for flaws, beyond the National Vulnerability Database, will give advance warning to teams once a vulnerability is disclosed and enable them to implement safeguards more quickly, hopefully before exploitation begins. Setting organizational policies around vulnerability detection and management is also recommended, as well as considering ways to reduce third-party dependencies.”
An Ounce of Prevention is Worth a Pound of Cure: Steps to Success
Veracode’s research reveals key steps that security and development teams should take:
- Tackle technical or security debt as early and quickly as possible. The remediation curve must fall earlier and faster because an application will have accumulated flaws by the time it is two years old. Whether through increasing complexity from years of steady growth or diminishing focus on application development, this trend continues upwards, meaning there is a 90 percent chance an application will contain at least one flaw by the 10-year mark. Scanning frequently using a variety of tools helps to find and fix flaws that may have been introduced or built up over time.
- Prioritize automation and developer security training to provide understanding of which vulnerabilities are most likely to be introduced, as well as techniques to avoid introducing flaws altogether. Overall, the data shows a 27 percent chance that new flaws will be introduced in an application in any given month. Organizations that scan via API reduce this probability to 25 percent. Those that complete 10 Security Labs—a training platform offering hands-on vulnerability detection and remediation experience—also reduce the probability of flaws being introduced by 1.8 percent in any given month.
- Establish an application lifecycle management protocol that incorporates change management, resource allocation, and organizational controls. Investigate what the supportability and quality control phases look like in your organization. Initial discussions could lead to planned obsolescence for some applications and a review of the processes and quality control measures involved in continuous product engineering.
Jay Jacobs, Co-founder and Data Scientist at The Cyentia Institute, with whom Veracode produced the report, closed, “With Veracode’s State of Software Report, it’s fascinating to examine flaw accumulation and behavior by drawing upon nearly two decades of data. The breadth and depth of the data enables us to not just identify best practices, but also some of the more subtle factors that need to be addressed early in the development process to minimize risk later down the line.”
The Veracode State of Software Security 2023 study analyzed more than three quarters of a million applications across commercial software suppliers, software outsourcers, and open-source projects. The full report is available to download here.
* IBM Security and The Ponemon Institute, “Cost of a Data Breach Report 2022”, July 2022, https://www.ibm.com/downloads/cas/3R8N1DZJ
About the State of Software Security Report
The Veracode State of Software Security 2023 report analyzed data from large and small companies, commercial software suppliers, software outsourcers, and open-source projects. The report contains findings from more than three quarters of a million (759,445) applications that used all scan types, more than a million (1,262,147) dynamic analysis scans, more than seven million (7,522,989) static analysis scans, and more than 18 million (18,473,203) software composition analysis scans. All those scans produced 86 million raw static findings, 3.7 million raw dynamic findings, and 8.5 million raw software composition analysis findings.
About Veracode
Veracode is a leading AppSec partner for creating secure software, reducing the risk of security breach, and increasing security and development teams’ productivity. As a result, companies using Veracode can move their business, and the world, forward. With its combination of process automation, integrations, speed, and responsiveness, Veracode helps companies get accurate and reliable results to focus their efforts on fixing, not just finding, potential vulnerabilities. Learn more at www.veracode.com, on the Veracode blog, on LinkedIn, and on Twitter.
Copyright © 2023 Veracode, Inc. All rights reserved. Veracode is a registered trademark of Veracode, Inc. in the United States and may be registered in certain other jurisdictions. All other product names, brands or logos belong to their respective holders. All other trademarks cited herein are property of their respective owners.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230111005141/en/
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Red Sea Global Reveals ADRENA, a New Adventure and Entertainment District16.2.2026 21:11:00 CET | Press release
The first of its kind in the region with more than 20 diverse land and water experiences Red Sea Global (RSG), the developer behind the regenerative tourism destinations The Red Sea and AMAALA, has revealed plans to open an adventure and entertainment district. It will be unveiled to the public from 1 March, following a soft launch for invited guests from 15 February. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260216890688/en/ ADRENA is located a short drive away from the recently opened Shura Island Named ADRENA, it will serve guests from across The Red Sea destination and further afield. Located a short drive from Shura Island, the district will offer visitors unique activities, ranging from surfing to wakeboarding, cliff diving to skateboarding. Set in a truly unspoiled and natural environment, ADRENA offers day and night entertainment for different moods. After dark, the beach club becomes a place to unwind while a D
HELLENiQ ENERGY and Chevron Sign Offshore Concession Agreements for Hydrocarbon Exploration and Production with the Hellenic Republic16.2.2026 19:07:00 CET | Press release
Marking a New Milestone in HELLENiQ ENERGY’s Upstream Portfolio HELLENiQ ENERGY, in collaboration with Chevron, signed today the Lease Agreements with the Hellenic Republic for the exploration of four offshore blocks located south of Crete and the Peloponnese, marking a significant milestone for Greece’s upstream development. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260216381183/en/ Snapshot from the signing of the lease agreements at the Maximos Mansion, attended by Prime Minister Kyriakos Mitsotakis. From left: Stavros Papastavrou, Minister of Environment and Energy; Andreas Shiamishis, CEO of HELLENiQ ENERGY; Gavin Lewis, VP Global New Ventures at Chevron; and Aristofanis Stefatos, CEO of HEREMA The successful consortium, with Chevron at 70% interest and being the Operator and HELLENiQ ENERGY at 30% interest, was selected following a competitive international tender launched by the Greek State in 2025. The four offs
Nexo Returns to the U.S.16.2.2026 17:00:00 CET | Press release
Nexo is relaunching its flagship Yield, Exchange, Loyalty, and Credit Lines in the United States. Nexo today announced its formal return to the United States market in 2026. The company’s official U.S. relaunch is being executed in partnership with regulated partners, providing a U.S.-compliant framework for the company’s investment and credit product offerings. Digital asset trading infrastructure is provided by Bakkt, a publicly listed U.S.-based digital asset platform purpose-built to support institutional risk management and compliance. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260216234514/en/ Nexo is relaunching its flagship Yield, Exchange, Loyalty, and Credit Lines in the United States. Nexo’s renewed presence in the United States follows a period of deliberate recalibration and reflects the company’s long-term commitment to operating in markets where regulatory frameworks are evolving, institutional standards a
TRU Simulation’s Full Flight Simulator for the Cessna Citation Ascend Achieves FAA Qualification, Expanding Advanced Training for Midsize Jet Pilots16.2.2026 16:00:00 CET | Press release
TRU Simulation + Training Inc., a Textron Inc. (NYSE:TXT) company, and an affiliate of Textron Aviation, announced today its Full Flight Simulator (FFS) for the Cessna Citation Ascend has achieved Federal Aviation Administration (FAA) Level D qualification. This milestone significantly enhances advanced training options for midsize jet pilots, delivering a highly immersive and true-to-life training environment on the recently FAA certified Citation Ascend. European Union Aviation Safety Agency (EASA) qualification is anticipated in 2026, further extending the simulator’s global reach. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260216456292/en/ TRU Simulation’s Full Flight Simulator for the Cessna Citation Ascend achieves FAA qualification, expanding advanced training for midsize jet pilots “Pilots deserve training capabilities that reflect the advanced technology and performance that the Citation Ascend brings to the mid
AIT Worldwide Logistics Announces Strategic Partnership With Greenbriar Equity Group16.2.2026 15:03:00 CET | Press release
Agreement supports continuity, accelerating next phase of AIT’s growth plan Supply chain solutions leader AIT Worldwide Logistics (“AIT”) has entered into a definitive agreement to partner with Greenbriar Equity Group, L.P. (“Greenbriar”) in support of the global freight forwarder’s next chapter of growth. Financial terms of the private transaction were not disclosed. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260216984391/en/ AIT Worldwide Logistics' strategic partnership with Greenbriar Equity Group represents one of the largest private acquisitions ever in the global freight forwarding sector. The deal marks the culmination of five successful years with The Jordan Company, L.P. (“TJC”). TJC, alongside key members of AIT’s executive leadership team, will remain invested in the company. Over the course of the company’s relationship with TJC, AIT has dramatically expanded its global footprint, acquired 14 businesses, and
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom
