Financial Services: A Survey of the State of Secure Application Development Processes

The financial services industry is one of the world’s largest industries by monetary value, and an industry which has a direct impact on the lives of billions of people around the world. Organizations in the financial services industry handle trillions of transactions each year involving sensitive information about individuals, companies, and other third parties. To help protect this sensitive information it is important that financial services organizations are developing, procuring, and using software applications that have been developed with security in mind.

Microsoft commissioned an independent research and consultancy firm, The Edison Group, to examine the current state of application development in the financial services sector from a security perspective. Their report – Microsoft Security Development Lifecycle Adoption: Why and How – is available today.
The paper was developed following in-depth interviews with Chief Security Officers and senior executives representing some of the leading banks and financial services companies in the United States. Some highlights from the paper..  Read more