Spectro Cloud completed a $75 million Series C funding round led by Growth Equity at Goldman Sachs Alternatives with participation from existing Spectro Cloud investors.
"In the modern IT ecosystem, each SaaS instance, DevOps service, and hardware device has a web interface. Generative AI is also now creating many more of these interfaces, resulting in thousands of exposed web applications for large enterprises. Despite this fact, most security teams only test monthly at best," said Rob Gurzeev, CEO and co-founder, CyCognito. "And when they do test, coverage is severely limited, ranging from 5% to 13%, due to outdated testing methods. This result is that many applications are left vulnerable. Our research clearly underscores that automating testing processes are absolutely critical to ensuring robust protection against evolving cyber threats."
The 2024 State of Web Application Security Testing report from CyCognito, based on a survey of 349 US and UK cybersecurity professionals, found the following:
Web application attack surfaces are large and growing
Organizations maintain dozens, often hundreds of custom web apps, developed in-house and by third-party partners.
Web applications change frequently
Over 60% update web applications weekly or more often.
Web application security incidents and breaches are common
More than one-third of respondents (35%) experience a significant security event involving a web app at least once a week, while more than one-quarter (26%) experience a major incident that often.
Web application security testing is conducted infrequently and coverage is lacking
Nearly 75% test their web applications monthly or less often, leaving more than 40% of the attack surface untested.
Large web application environment is difficult to test
70% said the number of web applications in their environment was too large for adequate testing. Other top-ranked inhibitors to adequate web application testing include the volume of APIs in production environments (cited as a large or very large blocker by 67%) and the time required to test and monitor changes (66%).
Remediation is a struggle
More than half of respondents (53%) indicated difficulties remediating vulnerabilities uncovered by web application testing.
Leaders feel urgency to improve testing
65% are planning to increase automation within their web application security testing workflows. Looking to the future, they are interested in creating efficiencies. They are also interested in building out continuous testing capabilities.
Industry News
The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud native software, has announced significant momentum around cloud native training and certifications with the addition of three new project-centric certifications and a series of new Platform Engineering-specific certifications:
Red Hat announced the latest version of Red Hat OpenShift AI, its artificial intelligence (AI) and machine learning (ML) platform built on Red Hat OpenShift that enables enterprises to create and deliver AI-enabled applications at scale across the hybrid cloud.
Salesforce announced agentic lifecycle management tools to automate Agentforce testing, prototype agents in secure Sandbox environments, and transparently manage usage at scale.
OpenText™ unveiled Cloud Editions (CE) 24.4, presenting a suite of transformative advancements in Business Cloud, AI, and Technology to empower the future of AI-driven knowledge work.
Red Hat announced new capabilities and enhancements for Red Hat Developer Hub, Red Hat’s enterprise-grade developer portal based on the Backstage project.
Pegasystems announced the availability of new AI-driven legacy discovery capabilities in Pega GenAI Blueprint™ to accelerate the daunting task of modernizing legacy systems that hold organizations back.
Tricentis launched enhanced cloud capabilities for its flagship solution, Tricentis Tosca, bringing enterprise-ready end-to-end test automation to the cloud.
Rafay Systems announced new platform advancements that help enterprises and GPU cloud providers deliver developer-friendly consumption workflows for GPU infrastructure.
Apiiro introduced Code-to-Runtime, a new capability using Apiiro’s deep code analysis (DCA) technology to map software architecture and trace all types of software components including APIs, open source software (OSS), and containers to code owners while enriching it with business impact.
Zesty announced the launch of Kompass, its automated Kubernetes optimization platform.
MacStadium announced the launch of Orka Engine, the latest addition to its Orka product line.
Elastic announced its AI ecosystem to help enterprise developers accelerate building and deploying their Retrieval Augmented Generation (RAG) applications.
Red Hat introduced new capabilities and enhancements for Red Hat OpenShift, a hybrid cloud application platform powered by Kubernetes, as well as the technology preview of Red Hat OpenShift Lightspeed.
Traefik Labs announced API Sandbox as a Service to streamline and accelerate mock API development, and Traefik Proxy v3.2.