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Application security not a priority for financial services institutions

May 28, 2021

Contrast Security announced the findings of a report based on a comprehensive survey of development, operations, and security professionals and executives at enterprise-level financial services institutions. The report explores the state of application security at these organizations, and the findings indicate that the security of these applications – that have access and control over consumers’ finances – is not a priority or major concern for most of them.

With most attacks on financial services institutions executed at the application layer at a time when customers demand more digital services, and customer-facing applications are developed in-house, application security is mission critical.

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