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You regularly change your passwords, you never open email you don’t recognize and you shoo away “Nigerian princes.” Yet every day, you trust financial institutions with your money, your credit and your personal information. How does the financial industry, which handles trillions of transactions that involve sensitive information each year, protect itself and its consumers? A report released by Microsoft on Tuesday looks to shed light on that by examining secure application development processes in the financial industry.
The Microsoft-commissioned study was carried out by The Edison Group, which examined the use of the Microsoft Security Development Lifecycle (SDL) and how it is being integrated into the software design lifecycles of financial services companies.
The report, “Microsoft Security Development Lifecycle Adoption: Why and How,” is the result of in-depth interviews with chief security officers and senior executives from leading banks and financial services companies in the United States.
The Edison Group found that using a software development process, such as the SDL, to help developers build more secure software can also help address security compliance requirements, according to this post on the Microsoft Security Blog.
For a summary of the report and background on Microsoft SDL and industry practices, take a look at Microsoft Director of Trustworthy Computing Tim Rains’ post on the Microsoft Security Blog.
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Deborah Pisano Microsoft News Center Staff