A breach of security can result to serious amount of consequences even business losses. As of this year, according to a survey, the average amount of the data breach cost amounts to $3.62 million and the average cost of every stolen information or confidential data is about $141. These are serious amounts and not to mention the associated damage to the reputation of the company who have become a victim of security breach.
From applications to songs, to TV programs (remember the GoT Spoiler Leaks?) and movies – today, application security means serious business. Applications and software are now more exposed to various threats which is basically why companies and software engineers should develop a clear-cut approach to application security.
Below are some of the common threats to application security:
- Identity Threats such as identity thefts
- Confidentiality Threats
- Data Integrity Threats
- Continuity of Service Threats such as Denial of Service Attacks
- Threats from Intrusions such as worms or virus
The good thing is that, there are now several technologies that are developed to counter these security threats. These are application security systems that aim to detect code threats and even predetermine the potential security threats early on before damages are incurred.
One of the leaders in application security standards offer wide choices of application security technologies that are designed to enhance threat detection and provide accurate and efficient remediation suggestions.
The Gartner Magic Quadrant
Various reports and studies made to emphasize the importance of Application Security has also become a great tool to spread security awareness among business organizations. These reports have served as eye openers and keep companies updated to different threats that are rapidly evolving and becoming more challenging to handle.
As part of the Gartner Cyber Security coverage, Gartner analysis provides comprehensive analysis about Application Security Testing. The Gartner Magic Quadrant for AST report is communicated by Gartner Inc. either annually or biennial (once every two years). The Gartner Group is America’s leading advisory firm imparting IT-related insights and information to various business organizations.
The Gartner Analysis for AST works by using a chart to represent the positionof the corresponding vendors subject to analysis in the market. The Gartner chart is comprised of four corresponding quadrants. Each of this quadrant are defined by two primary benchmarks where each of the involved vendors will be evaluated which are the completeness of vendor’s vision and the ability of the vendor to execute.
The Application Security Testing subjects (or the vendors) will be undergoing Gartner assessments where they need to provide company information such as company parameters, number of sales, business plans and the likes. They should also present a number of customers that will serve as references. After the entire process, each of the vendors will be placed in one of the Magic Quadrants in the report – Leaders, Challengers, Visionaries and Niche Players.
Ultimately, the aim of the Magic Quadrant Analysis is to develop a thorough understanding and solid insights on the vendor’s services or products in relation to application security technology implementation.