Veracode Announces Cloud-Based Solution To Secure Mobile Applications

PRESS RELEASE

Burlington, Mass. " 30 June 2009 " Veracode Inc., provider of the world's leading Application Risk Management Platform, today announced expansion of its SecurityReview' cloud-based subscription service to support mobile applications. With more than 100,000 mobile applications already in the market and millions of mobile users accessing critical business data, the security risk posed by these applications is staggering.

Veracode announced immediate availability for Windows Mobile with near term support for other platforms such as RIM BlackBerry, Google Android and Apple iPhone. Veracode's SecurityReview is the first solution to enable enterprises and software vendors to assess the security risk of mobile applications before they are shipped or deployed to combat the growing number of data breaches and compliance failures.

Enterprises are increasingly transacting critical data with customers and remote workers through mobile applications, yet the security of these applications goes largely untested. Source code for mobile applications is rarely available, as most software is written by third parties, and is insufficient in finding vulnerabilities such as backdoors, malicious code or flaws introduced by third party libraries and components. Veracode provides the only solution to assess binary code " the way attackers see it " enabling organizations to apply a common, holistic approach to secure both their mobile and server applications regardless of whether they are internally developed, purchased from a commercial vendor, outsourced or open source.

"Mobile applications are one of the fastest growing segments of the software market," said Diana Kelley, principal analyst, Security-Curve. "Insecure software which processes sensitive data poses a risk to enterprises, regardless of the platform it is run on. Enterprises need to apply the same risk assessment and security analysis to mobile applications as they do to those housed in data centers."

"Today, there isn't a major financial institution, software vendor or healthcare provider that doesn't leverage mobile devices as part of their extended enterprise," said Matt Moynahan, CEO of Veracode. "These applications transact financial data, personally identifiable information (PII) and personal health information (PHI) and are subject to the same types of attacks that traditional software has been plagued with. Veracode's support of mobile applications enables enterprises to protect their employee, customer and partner data through a single turnkey solution, while demonstrating our equal commitment to the open source and commercial ISV community to provide an easy and cost-effective way to achieve independent verification that they have taken proper care to meet mobile device security requirements of their corporate customers."

The Verified by Veracode Software Ratings Programme is a quality indicator for the security level of applications and software components. By expanding this Programme to cover mobile software, providers of mobile applications can now protect their brand and platform with a consistent and automated security verification Programme for mobile applications developed internally or by third parties.

Organizations who have achieved "Verified by Veracode" status have made reasonable efforts to demonstrate that they have taken due care to ensure the security of their applications and their software has been assessed against industry standards for software assurance.

Veracode will be hosting a webinar event on The Challenges of Developing Secure Mobile Applications on Tuesday, July 14th at 1pm ET/6pm GMT, featuring Veracode's Chief Scientist, Christien Rioux. Register for the webinar event at: http://www.veracode.com/resources/webinar-mobile-applications-sign-up.html

About Veracode Veracode provides the world's leading Application Risk Management Platform. Veracode SecurityReview's patented and proven cloud-based capabilities allow customers to govern and mitigate software security risk across a single application or an enterprise portfolio with unmatched simplicity. Customers include the world's largest and most security aware organizations in every industry. Recognized as a Gartner "Cool Vendor" and with The Wall Street Journal's "Technology Innovation Award," The Banker's "Information Security Project of the Year" with Barclays, SC Magazine Europe's "Best Vulnerability Assessment Solution," Information Security "Readers' Choice Award," and AlwaysOn Northeast's "Top 100 Private Company," Veracode is Software Security Simplified. For more information, visit www.veracode.com.