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Modern Tools Being Adopted by DevSecOps

April 25, 2024

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DevSecOps Tools

With cybercrime rising, financial applications must be developed by the DevSecOps approach. Read on to know the latest tools to detect vulnerabilities.

Remember that delicious cake you ate on your birthday? What if the baker sprinkled 10 oz of sugar on the cake, instead of adding it to the batter? That’s the kind of quick fix solution most companies adopt with security. With cybercrime poised to cost a whopping $10.5 trillion annually by 2025, companies have begun considering security a top priority. Yet, efforts are focused on adding security as an afterthought. This not only causes delays, but also compromises efficacy.

Financial Sector Ranks #2

Cybercrime cost in the sector has reached nearly $6 million per incident, as per IBM’s Cost of a Data Breach Report 2023.

The most effective approach is to bake security from the beginning of the development process. It must become an integral part of the software development life cycle (SDLC). This is what DevSecOps is all about.

Following the DevSecOps approach has several advantages:

Faster Time to Market: Adding security checks post development and testing is highly time consuming. It slows down the process and significantly increases time to market. This means you introduce technology solutions, applications, and new features for customers much later than your competitors. DevSecOps enables identifying and fixing vulnerabilities early, allowing your company to launch the software solution faster.

Greater Collaboration: DevSecOps breaks down silos by getting the security team to work in collaboration with the development and operations teams.

Superior Quality: DevSecOps creates software that is of a higher quality, with fewer vulnerabilities. This can help companies avoid the serious consequences of a security breach and adopt the latest technologies with greater confidence.

A Deep Dive into the Latest Tools in DevSecOps

The financial sector is facing a new reality in which innovation is key to staying in the game. As customers become increasingly discerning, banks and other financial institutions are under immense pressure to deliver. This is what made Barclays empower Apple’s Siri to accept voice commands for mobile payments. While the voice-based banking sector is projected to reach $3.7 billion by 2031, voice cloning has emerged as a threat. In this battleground, DevSecOps teams are embracing the latest tools to detect vulnerabilities and prevent the reputation damage and financial costs of cybercrime.

DevSecOps focuses on a “shift left” strategy, which infuses security within the development cycle. Here’s a look at some of the tools that have gained popularity among DevSecOps teams:

Static Application Security Testing (SAST)

These tools analyze the code in real-time. This means developers receive information on vulnerabilities as they code and can fix issues before compilation. This reduces rework in the entire SDLC.

Some Popular SAST Tools

AppKnox                      Checkmarx

Contrast Security        Fortify

HCL AppScan               GitLab

Some SAST tools show the issues graphically, while some highlight their exact location. These tools can also be used to identify how and where to apply the fix.

Software Composition Analysis (SCA)

While the use of open source codes has shortened the SDLC and reduced time to market, manually tracking these codes for vulnerabilities is just not a viable option. SCA tools can very quickly scan through code libraries, frameworks, manifest and binary files, container images, etc

Some Popular SCA Tools

CAST Highlight            Veracode

Checkmarx SCA           JFrog Xray

Synopsys Coverity         Mend.io

Dynamic Application Security Testing (DAST)

These tools simulate automated attacks on applications. By mimicking a malicious attack, they try to identify outcomes that may not have been otherwise expected. These tools work as an external hacker, who would not have any internal information of the application or the code.

Some Popular DAST Tools

Aikido Security            Intruder

HCL AppScan               Acunetix

Checkmarx DAST         Invicti

Infrastructure as Code (IaC) Scanning

Tools such as Terraform and Ansible are used to scan infrastructure code for security misconfigurations. With the increasing automation of infrastructure, the importance of IaC scanning for continuous security and automated patching has risen.

The IaC market is projected to reach $2.3 billion by 2027, representing a 24% CAGR.

AI-Powered Security Testing

Artificial Intelligence (AI) is being used to automate security testing, prioritize vulnerabilities, and even predict potential security issues. This can significantly improve efficiency and accuracy.

Continuous Monitoring

Once the solution has been deployed, continuous monitoring plays a crucial role in maintaining security of the application and its infrastructure. By monitoring logs and production behavior, such tools can help identify anomalies to detect breaches and attacks.

Security Information and Event Management (SIEM)

This combines the functionalities of security information management (SIM) and security event management (SEM). These tools provide real-time analysis of security alerts generated by applications and network hardware.

Security Orchestration, Automation and Response (SOAR)

These tools provide real-time visibility into security events and automate incident response actions. This allows for faster detection and remediation of threats.

Partner With a Leading DevSecOps Company

Banks, credit unions and other financial institutions need a reliable software development partner to ensure their applications and services reach customers faster and with greater security.

With 26+ years of experience in providing cutting-edge technology in the financial sector, Opus has integrated security into its culture. Our team embraces the DevSecOps approach, building security at every step of the development cycle. We use the most advanced tools for security checks throughout the development pipeline, so that our clients can reap the maximum benefits of automation. Interested in launching new applications and new features much faster for your banking and payments customers? Contact us for a free consultation.

 

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