Every year, companies spend billions of dollars outsourcing tasks — in 2012 alone, this amounted to $134 billion. The average enterprise outsources 65 percent of its mission critical apps. Finance, accounting, IT and HR are all commonly sent to third-party companies to complete. While outsourcing is fairly common, it does come with risks. Sixty-three percent of data breaches were the result of security deficiencies in third-party codes and, despite this, only one-in-five enterprises conduct third-party software security assessments.
The business of hacking has become a full-time job for others to prevent. For instance, DDoS attacks cost companies approximately a shocking $3.5 million annually. And the threats will continue to get worse. Why? An estimated 76% of intrusions came about through weak or stolen passwords. In this infographic, Veracode explores the world of software security and how third-party outsourcing can damage a company.
Do you own a business? What’s the biggest problem you’ve seen in your software enterprise computing and where did it originate from? Please let us know in the comments.
Infographic by Veracode Application Security