The financial industry’s digital transformation is highly reliant on applications, just like the rest of the software development ecosystem. This requires everyone involved to invest in application security management as part of the effort to protect their data and systems.

From smart homes that enable you to control your thermostat from a distance to sensors on oil rigs that help predict maintenance to autonomous vehicles to GPS sensors implanted in the horns of endangered black rhinos, the internet of things is all around you. The internet of things (IoT) describes the network of interconnected devices embedded with sensors, software, or other technology that exchange data with other devices and systems over the Internet.

Medical devices, subway car doors, severe weather warnings, heavy machinery, car alarms, software security alerts. They all notify you to indicate that something is wrong so that you can take action to prevent harm. Hospital monitors can detect a wide range of issues, from an incorrect dose of medication to an irregular heartbeat and beyond. They can quite literally save a life. The same goes for severe weather alerts that warn of impending tornadoes or hurricanes.

Recent years have seen a sharp increase in the number of reported security vulnerabilities, along with quite a few notorious attacks on enterprise applications. Organizations have reacted by increasing their investment in AppSec and DevSecOps, including the widespread adoption of AST (application security testing) tools.