Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > BLACK DUCK AUDITS OF 1000+ SOFTWARE APPLICATIONS SHOW WIDESPREAD WEAKNESS IN ADDRESSING OPEN SOURCE SECURITY VULNERABILITY RISKS
    Top Stories

    BLACK DUCK AUDITS OF 1000+ SOFTWARE APPLICATIONS SHOW WIDESPREAD WEAKNESS IN ADDRESSING OPEN SOURCE SECURITY VULNERABILITY RISKS

    BLACK DUCK AUDITS OF 1000+ SOFTWARE APPLICATIONS SHOW WIDESPREAD WEAKNESS IN ADDRESSING OPEN SOURCE SECURITY VULNERABILITY RISKS

    Published by Gbaf News

    Posted on April 22, 2017

    Featured image for article about Top Stories

    Open Source Security and Risk Analysis reveals ineffectiveness across industries; Retail, E-commerce, FinTech audits show highest risk to open source security vulnerabilities

    Black Duck, the global leader in automated solutions for securing and managing open source, today released its 2017 Open Source Security and Risk Analysis (OSSRA), a report that details significant cross-industry risks related to open source vulnerabilities and license-compliance challenges.

    Black Duck conducts hundreds of open source code audits annually, primarily related to Merger & Acquisition transactions. Its Center for Open Source Research & Innovation (COSRI) analysed 1,071 applications audited during 2016 and found both high levels of open source usage – 96% of the apps contained open source – and significant risk to open source security vulnerabilities – more than 60% of the apps contained open source security vulnerabilities.

    Notably, audit results of applications from the financial industry contained 52 open source vulnerabilities per application, and 60% of the applications contained high-risk vulnerabilities. The retail and e-commerce industry had the highest proportion of applications with high-risk open source vulnerabilities, with 83% of audited applications containing high-risk vulnerabilities.

    Open source license conflicts were widespread. The audited applications contained 147 open source components on average – a daunting number of license obligations to keep track of – and in fact 85% of audited applications contained components with license conflicts. The most common challenges were GPL license violations, with 75% of applications containing components under the GPL family of licenses, but only 45% of those applications in compliance with GPL obligations.

    “Open source use is ubiquitous worldwide and recent research reports show that between 80% and 90% of the code in today’s apps is open source. This isn’t surprising because open source is valuable in lowering dev costs, accelerating innovation and speeding time to market. Our audits confirmed the universal use, but also revealed troubling levels of ineffectiveness in addressing risks related to open source security vulnerabilities and license compliance challenges,” said Black Duck CEO Lou Shipley.

    Shipley said he expected the open source audit findings would be eye-opening for security executives because the application layer is a primary target for hackers. “Exploits of open source vulnerabilities are the biggest application security risk that most companies have,” said Shipley.

    “Reading this report should be a wake-up call. Everyone is using lots of open source, but as the audits show, very few are doing an adequate job detecting, remediating and monitoring open source vulnerabilities in their applications,” said Chris Fearon, Director at Black Duck’s Northern Ireland based Open Source Security Research Group, the security research arm of COSRI. “The COSRI analysis of the audits clearly demonstrates that organisations in every industry have a long way to go before they are effective in managing their open source.”

    To download the OSSRA analysis, visit https://www.blackducksoftware.com/open-source-security-risk-analysis-2017.

    Open Source Security and Risk Analysis reveals ineffectiveness across industries; Retail, E-commerce, FinTech audits show highest risk to open source security vulnerabilities

    Black Duck, the global leader in automated solutions for securing and managing open source, today released its 2017 Open Source Security and Risk Analysis (OSSRA), a report that details significant cross-industry risks related to open source vulnerabilities and license-compliance challenges.

    Black Duck conducts hundreds of open source code audits annually, primarily related to Merger & Acquisition transactions. Its Center for Open Source Research & Innovation (COSRI) analysed 1,071 applications audited during 2016 and found both high levels of open source usage – 96% of the apps contained open source – and significant risk to open source security vulnerabilities – more than 60% of the apps contained open source security vulnerabilities.

    Notably, audit results of applications from the financial industry contained 52 open source vulnerabilities per application, and 60% of the applications contained high-risk vulnerabilities. The retail and e-commerce industry had the highest proportion of applications with high-risk open source vulnerabilities, with 83% of audited applications containing high-risk vulnerabilities.

    Open source license conflicts were widespread. The audited applications contained 147 open source components on average – a daunting number of license obligations to keep track of – and in fact 85% of audited applications contained components with license conflicts. The most common challenges were GPL license violations, with 75% of applications containing components under the GPL family of licenses, but only 45% of those applications in compliance with GPL obligations.

    “Open source use is ubiquitous worldwide and recent research reports show that between 80% and 90% of the code in today’s apps is open source. This isn’t surprising because open source is valuable in lowering dev costs, accelerating innovation and speeding time to market. Our audits confirmed the universal use, but also revealed troubling levels of ineffectiveness in addressing risks related to open source security vulnerabilities and license compliance challenges,” said Black Duck CEO Lou Shipley.

    Shipley said he expected the open source audit findings would be eye-opening for security executives because the application layer is a primary target for hackers. “Exploits of open source vulnerabilities are the biggest application security risk that most companies have,” said Shipley.

    “Reading this report should be a wake-up call. Everyone is using lots of open source, but as the audits show, very few are doing an adequate job detecting, remediating and monitoring open source vulnerabilities in their applications,” said Chris Fearon, Director at Black Duck’s Northern Ireland based Open Source Security Research Group, the security research arm of COSRI. “The COSRI analysis of the audits clearly demonstrates that organisations in every industry have a long way to go before they are effective in managing their open source.”

    To download the OSSRA analysis, visit https://www.blackducksoftware.com/open-source-security-risk-analysis-2017.

    Related Posts
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference
    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Top Stories PostINVENIAM CAPITAL PARTNERS LAUNCHES ITS CONSULTING & ADVISORY SERVICES AND ATTRACTS TOP CONSULTANTS
    Next Top Stories PostTHE EBA IS WRONG ABOUT SCREEN SCRAPING — AND IT’S GOING TO HURT EUROPEAN FINTECH!

    More from Top Stories

    Explore more articles in the Top Stories category

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    A Gateway for U.S. Capital: Inside Kazakhstan’s Expanding Financial Hub

    A Gateway for U.S. Capital: Inside Kazakhstan’s Expanding Financial Hub

    View All Top Stories Posts