6.09.08 Veracode and TELUS Address Need for Independent Ratings System

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Why Get VERAFIED?
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Veracode and TELUS Address Need for Independent Ratings System and Third-Party Validation of Security Software



Who: Matt Moynahan, CEO, Veracode, Inc.
Rich Reiner, Chief Security & Technology Officer, TELUS Security Solutions
What: Infosecurity Canada Conference
When: Thursday, June 12, 2008
11:00 AM - 11:50 AM EDT
Where: Metro Toronto Convention Center – Toronto, Ontario
Description:

Your Car Passed Inspection… But What About Your Software?

In today’s world your car, your medicine, and even your household detergent is tested, poked, and prodded for malfunctions, inadequacies or side effects to ensure the overall product safety. Yet the $230-billion software industry lacks any universal standard for measuring and evaluating the security of software applications running across enterprises, government agencies and financial businesses. In this joint presentation, Matt Moynahan, CEO of Veracode, and Richard Reiner, Chief Security & Technology Officer of TELUS Security Solutions, will examine the ever-growing security risks threatening the software industry. They will explore how an independent scoring and rating system can help enterprises purchasing that software understand just how secure or insecure the target application is. Mr. Moynahan and Mr Reiner will discuss the benefits of third-party validation and will illustrate how industry standards such as the Common Weakness Enumeration (CWE) and the Common Vulnerability Scoring System (CVSS) can serve as the foundation for a concrete rating and scoring system.

For more information on the event, please visit: http://www.infosecuritycanada.com/App/homepage.cfm?moduleid=42&appname=100358

About Veracode

Veracode is the world’s leader for on-demand application security testing solutions. Veracode SecurityReview is the industry’s first solution to use patented binary code analysis and dynamic web analysis to uniquely assess any application security threats, including vulnerabilities and malicious code. SecurityReview performs the only complete and independent security audit across any internally developed applications, third-party commercial off-the-shelf software and offshore code without exposing a company’s source code. Delivered as an on-demand service, Veracode delivers the simplest and most-cost effective way to implement security best practices, reduce operational cost and achieve compliance without requiring any hardware, software or training.

Veracode has established a position as the market visionary and leader with awards that include recognition as a Gartner “Cool Vendor” 2008, Info Security Product Guide’s “Tomorrow’s Technology Today Award 2008,” Information Security “Readers’ Choice Award 2008,” AlwaysOn's "Northeast Top 100 Private Company 2008", NetworkWorld “Top 10 Security Company to Watch 2007,” and Dark Reading’s “Top 10 Hot Security Startups 2007.”

Based in Burlington, Mass., Veracode is backed by .406 Ventures, Atlas Venture and Polaris Venture Partners. For more information, visit www.veracode.com.

Contacts:
Danielle Palazola
Lois Paul & Partners
781-782-5815
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