Financial services firms are 300 times as likely as other companies to be targeted by a cyberattack. Dealing with those attacks and their aftermath carries a higher cost for banks and wealth managers than for any other sector.
Boston Consulting Report 2019
An annual security report by Akamai found that, “94% of observed attacks against the financial services sector came from one of four methods: SQL Injection (SQLi), Local File Inclusion (LFI), Cross-Site Scripting (XSS), and OGNL Java Injection.” These are all related to the source code in web applications.
Developers may be familiar with these security concerns, but cybersecurity teams may not. Using Xcalibyte’s tools and services, security professionals can apply standards to their software to ensure these vulnerabilities are identified and remedied during the software development process.