Security Testing: Protect Your Software and Your Customers

In today’s digital world, security testing has become an essential part of the software development process. With cyber threats constantly evolving, businesses need to ensure that their software is secure and protected against potential breaches. As a leading software QA and business analysis company, Skywalker Consulting understands the importance of security testing, and we’ve compiled some facts and figures to highlight its significance.

1. The average cost of a data breach is $3.86 million, according to a report by IBM. This includes direct costs such as legal fees and regulatory fines, as well as indirect costs such as lost business and damage to reputation.
2. In 2020, the FBI reported that it received 791,790 internet crime complaints, resulting in a total loss of $4.2 billion.
3. A study by Ponemon Institute found that the average cost per record for a data breach is $150. This cost includes expenses related to incident response, legal services, regulatory fines, and lost business opportunities.
4. A survey by IBM revealed that the average time to identify a data breach is 207 days, and it takes an additional 73 days to contain it.
5. According to a report by Gartner, by 2022, application security testing will reach $3.1 billion in spending globally, as more organizations recognize the importance of securing their software.

These statistics demonstrate that the cost of a data breach is not just financial, but also includes damage to reputation and lost business opportunities. By implementing robust security testing procedures, businesses can mitigate these risks and prevent potential breaches.

At Skywalker Consulting, we specialize in security testing and can help businesses identify vulnerabilities and mitigate risks in their software. Our team of experienced QA professionals uses the latest tools and techniques to perform comprehensive security testing, including penetration testing, vulnerability scanning, and code review.

We also understand that security cannot come at the expense of usability and functionality. Our business analysis experts work closely with our QA team to ensure that security requirements are incorporated into the software design and development process, without compromising the user experience.

In conclusion, security testing is crucial for businesses that want to protect their software, data, and reputation. By partnering with Skywalker Consulting, businesses can ensure that their software is secure, reliable, and meets the needs of their users. Contact us today to learn more about our security testing services and how we can help your business stay secure.