📺 Stream EntrepreneurTV for Free 📺

Report: All Industries Fail at Cybersecurity Can you guess which one fails the worst?

By Marguerite Ward

entrepreneur daily

This story originally appeared on CNBC

Pixabay

Most sectors failed industry-standard security tests of their Web and mobile applications, but the government failed the worst, a report by application security company Veracode found.

Most strikingly isn't how poorly the government's applications fared. It's how unlikely they were to be fixed.

Government agencies fix fewer than one-third of all detected problems, according to the report. By comparison, financial services fixed 81 percent of its problems, while manufacturing fixed 65 percent.

Only 24 percent of government agency applications passed security tests, compared with those of financial services at 42 percent. Manufacturing followed at 35 percent, as illustrated below in the figures from the report.

Click to Enlarge+
Report: All Industries Fail at Cybersecurity - chart

It is interesting to note, however, that manufacturing had the highest concentration of security problems per unit of executable coding, almost double the government's concentration.

The report comes just weeks after a cybersecurity attack that exposed millions of federal employees' personal information. Just a month ago, a federal judge ruled that Target had to pay millions of dollars to victims of its massive security breach.

Veracode collected data from more than 200,000 tests it ran on its customers, including federal and state agencies. Veracode's co-founder and chief technology officer, Chris Wysopal, said the company reserves the right to analyze and publish anonymized customer data to publish public findings and propose solutions.

Veracode's network of computers launches simulated attacks on its customers to find flaws and come up with solutions.

Click to Enlarge+
Report: All Industries Fail at Cybersecurity - chart

"Part of [the solution] is going to be a willingness to adopt a risk-based approach as opposed to compliance. To look at different vulnerabilities and fix them, base them on thinking, 'What risk does this pose to our organization and the data that we have?'" Wysopal said.
Budget problems are a contributing factor, but inadequate contracts are also to blame, he said. Wysopal suggested that government agencies include language in their contracts that requires them to fix problems that are discovered in the future.

President Barack Obama recently proposed an increase to the government's 2016 cybersecurity budget, jacking it up $1 billion to $14 billion.

Neither the Department of Homeland Security nor the Secret Service immediately returned calls for comment.

Marguerite Ward is a special to CNBC.com.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Science & Technology

Exploring How Virtual Reality is Changing Startups

Virtual reality's immersive environment is where startup marketing is headed, and early adopters will be the ones who profit.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

'They're Scared': PNC Arena Bans New York Residents From Purchasing Tickets Ahead of Rangers, Hurricanes NHL Playoff Matchup

The two teams will face off in Game 1 of the second round of the Eastern Conference fight for the Stanley Cup.

Starting a Business

Clinton Sparks Podcast: Founder of Chuck E. Cheese, Atari Discusses Innovation and His Advice to Young People

This podcast is a fun, entertaining and informative show that will teach you how to succeed and achieve your goals with practical advice and actionable steps given through compelling stories and conversations with Clinton and his guests.

Growing a Business

'Marketing Happy Hour' Podcast Hosts Share the Best Way to Connect With Consumers: 'Think of Social Media Like a First Date'

Brand marketing experts and hosts of the Marketing Happy Hour podcast share tips on how to launch, grow, and make the most out of your small business's online presence.