Welcome!

Open Source Cloud Authors: Yeshim Deniz, Pat Romanski, Liz McMillan, Zakia Bouachraoui, William Schmarzo

News Feed Item

80 Percent of the Largest US and European Banks Deploy Sonatype to Address Growing Software Security Threat

Company Continues to Add Top Fortune 500 Customers

FULTON, Md., April 22, 2014 /PRNewswire/ -- Sonatype, a software company that enables developers to easily build software applications while significantly reducing security, compliance, and licensing risks, continues to find its software in high demand.  The company credits this momentum to an increasing awareness of the urgent need to address the risks associated with flawed open source components being used in millions of mission-critical software applications. 

As is often the case when such critical threats emerge, the financial services sector is moving quickly to secure their software applications leveraging Sonatype's Component Lifecycle Management solution.  Many other Fortune 500 companies are following suit.

In addition to 80 percent of the largest US and European banks, leaders in these other key industries have become Sonatype customers:

  • 5 of the top 10 aerospace companies
  • 2 of the top 5 entertainment companies
  • 2 of the top 5 telecommunications companies
  • 2 of the top 5 healthcare insurance companies
  • 2 of the top 5 diversified financials companies
  • 2 of the top 5 network/communications companies
  • 75 percent of the top computer and peripheral companies

"Software runs the world, so it's vital that it runs securely," said Wayne Jackson, CEO of Sonatype.  "The known vulnerabilities in many of the components being employed by software developers are becoming more visible based on the broad damage caused by Struts2 and now the mass awareness of the Heartbleed bug."

"The open source projects continue to do a terrific job quickly addressing newly discovered vulnerabilities, and now more of the enterprises doing component-based development are implementing Component Lifecycle Management to ensure they are using the safest versions," continued Jackson. "Based on the critical risk to the huge number of software applications that make the world's banks and other major corporations work, it's encouraging to see industry leaders tackling this problem head on."

Recognizing this risk, the FS-ISAC (Financial Services Information Sharing and Analysis Center) recently released guidance regarding open source libraries and components.  Specifically, the guidance recommends that financial institutions apply automated policy management and enforcement as well as inventory management for open source libraries used in their application portfolio.

Click here to access the FS-ISAC Third Party Software Security Working Group white paper: Appropriate Software Security Control Types for Third Party Service and Product Providers.

Organizations seeking insight on the component vulnerabilities that may be hidden in their applications can assess their risk with one of Sonatype's complimentary open source assessments at http://www.sonatype.com/resources/risk-assessments.

About Sonatype:

Every day, developers rely on millions of third party and open source building blocks – known as components – to build the software that runs our world.  Sonatype ensures that only the best components are used throughout the software development lifecycle so that organizations don't have to make the tradeoff between going fast and being secure.  Policy automation, ongoing monitoring and proactive alerts makes it easy to have full visibility and control of components throughout the software supply chain so that applications start secure and remain that way over time.  Sonatype is privately held with investments from New Enterprise Associates (NEA), Accel Partners, Bay Partners, Hummer Winblad Venture Partners and Morgenthaler Ventures.   Visit: www.sonatype.com

SOURCE Sonatype

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
Atmosera delivers modern cloud services that maximize the advantages of cloud-based infrastructures. Offering private, hybrid, and public cloud solutions, Atmosera works closely with customers to engineer, deploy, and operate cloud architectures with advanced services that deliver strategic business outcomes. Atmosera's expertise simplifies the process of cloud transformation and our 20+ years of experience managing complex IT environments provides our customers with the confidence and trust tha...
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility. As they do so, IT professionals are also embr...
As you know, enterprise IT conversation over the past year have often centered upon the open-source Kubernetes container orchestration system. In fact, Kubernetes has emerged as the key technology -- and even primary platform -- of cloud migrations for a wide variety of organizations. Kubernetes is critical to forward-looking enterprises that continue to push their IT infrastructures toward maximum functionality, scalability, and flexibility.
Today's workforce is trading their cubicles and corporate desktops in favor of an any-location, any-device work style. And as digital natives make up more and more of the modern workforce, the appetite for user-friendly, cloud-based services grows. The center of work is shifting to the user and to the cloud. But managing a proliferation of SaaS, web, and mobile apps running on any number of clouds and devices is unwieldy and increases security risks. Steve Wilson, Citrix Vice President of Cloud,...
When Enterprises started adopting Hadoop-based Big Data environments over the last ten years, they were mainly on-premise deployments. Organizations would spin up and manage large Hadoop clusters, where they would funnel exabytes or petabytes of unstructured data.However, over the last few years the economics of maintaining this enormous infrastructure compared with the elastic scalability of viable cloud options has changed this equation. The growth of cloud storage, cloud-managed big data e...