Many companies' applications still don't meet the security standards outlined in the Payment Card Industry (PCI) Data Security Standards, according to a recent study.
During the 18-month study, which was published last week, security firm Veracode scanned the binary code of more than 2,900 applications on behalf of its clients. Its findings are sobering: Nearly six out of every 10 applications had an "unacceptable" level of security; more than eight out of 10 applications failed to catch classes of Web application vulnerabilities required for remediation under PCI DSS.
While the customers eventually fixed the flaws, most enterprises' applications fail to meet with PCI standards -- a rather low bar for Web application security, says Chris Eng, senior director of security research at Veracode.