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
Suzano Reports Adjusted EBITDA of R$4.7 Billion in the Second Quarter of 202613.8.2026 01:27:00 CEST | Press release
Suzano, the world’s largest pulp producer, announces its results for the second quarter of 2026 (2Q26), reporting higher prices, stronger volumes and improvements in Adjusted EBITDA and operating cash generation compared to the previous quarter. The quarterly results reflect the competitiveness and resilience of Suzano’s operations in a quarter marked by foreign exchange headwinds and pressure on input costs driven by higher oil prices affecting the industry as a whole. Suzano sold 3.3 million tonnes of pulp and paper combined in 2Q26, comprising 2.9 million tonnes of pulp and 406 thousand tonnes of paper across the packaging, printing and writing, specialty and tissue segments. Net revenue totalled R$11.6 billion and adjusted EBITDA reached R$4.7 billion, both above the levels recorded in the previous quarter. Operating cash generation reached R$2.9 billion, while net income totalled R$1.8 billion in 2Q26. Despite ongoing cost pressures, the cash cost of pulp production (excluding dow
Moody’s Corporation Elects Keith Demmings to Board of Directors12.8.2026 22:15:00 CEST | Press release
Moody’s Corporation (NYSE:MCO) today announced that Keith Demmings has been elected to the Company’s Board of Directors, effective November 1, 2026. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260812902420/en/ Mr. Demmings, 54, currently serves as President and Chief Executive Officer of Assurant, Inc., a publicly traded company that safeguards and services connected devices, homes, automobiles, and commercial equipment in partnership with the world’s leading brands, a position he has held since January 2022. He has also served on Assurant’s Board of Directors since that time. Prior to his appointment as Chief Executive Officer, Mr. Demmings served as President of Assurant from 2021 to 2022, overseeing all operating segments, including Global Lifestyle and Global Housing. Earlier, he served as Executive Vice President and President, Global Lifestyle from 2016 to 2021, Executive Vice President and President, Global Markets
Lattice to Deliver Keynote at 2026 OCP Global Summit12.8.2026 22:00:00 CEST | Press release
Lattice Semiconductor (NASDAQ: LSCC), the low power programmable and platform firmware leader, today announced that Lattice will deliver a keynote at the 2026 OCP Global Summit. Ford Tamer, President and CEO of Lattice Semiconductor, will take the stage with Sanjoy Maity, Senior Vice President, AMI Business Unit Leader, Lattice Semiconductor. Together, they will discuss the growing need for a common management and control model for AI and compute infrastructure, and how the OCP Community can work together to bring this vision to life with existing open technologies. The keynote will take place on Tuesday, Oct. 13, 2026, at 10 a.m. PT at the San Jose Convention Center (SJCC), South Hall, San Jose, California. The OCP Summit is the premier event uniting the most forward-thinking minds in open IT Ecosystem development. The Summit presents a unique platform for the OCP community from around the globe to share their insights, foster partnerships, and showcase cutting-edge advancements in op
BM3EAC Corp. 2026 Semi-Annual Report12.8.2026 17:51:00 CEST | Press release
BM3EAC Corp. (the “Company”), a special purpose acquisition company incorporated under the laws of the Cayman Islands as an exempted company with limited liability and listed on Euronext Amsterdam, the regulated market operated by Euronext Amsterdam N.V., today published its semi-annual report for the period 1 January 2026 to 30 June 2026. The semi-annual report can be downloaded from the Company’s website via the following link: https://www.BrigadeM3EAC.com/documents IMPORTANT INFORMATION This press release contains information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. DISCLAIMER The Company’s semi-annual report referenced in this announcement may include forward-looking statements, which are based on the Company's current expectations and projections regarding a business combination, the business, the economy and other future conditions of the Company and speak only as of the date hereof. Forward-looking statements may
STL Selects Kinaxis Planning One to Strengthen Supply Chain Planning Across Global Operations12.8.2026 16:10:00 CEST | Press release
Deployment reflects Kinaxis' continued investment in India and expanding access through its growing partner ecosystem Kinaxis® Inc. (TSX:KXS), a global leader in supply chain orchestration, today announced that STL (NSE: STLTECH), a leading optical and digital solutions company, has selected Kinaxis Planning One to strengthen its supply chain planning capabilities and improve decision-making speed across its global operations. The deployment reflects Kinaxis' continued commitment to the Indian market and represents another milestone in expanding customer access through its growing network of value-added reseller (VAR) partners, and its first customer win through the company's Google Marketplace mid-market initiative. "Manufacturers are under increasing pressure to respond to volatility with faster, more coordinated decisions," said Ray Curbelo, SVP, Global Partner Organization at Kinaxis. "This engagement with STL reflects both the growing demand for modern supply chain planning in Ind
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
