How Financial Services Firms Can Use Application Security Posture Management (ASPM) to Save Costs and Fill Cloud Security Posture Management (CSPM) Coverage Gaps

is a HTML element that is used to create divisions or sections on a webpage. It is commonly used to group and organize other HTML elements, such as text, images, forms, and videos.

Financial services organizations have increasingly moved their applications and infrastructure to the cloud to take advantage of scalability, flexibility, and cost-effectiveness. However, this shift has introduced new security challenges, particularly in application security.

Comprehensive security posture management approach is essential for financial firms, covering both cloud security posture management (CSPM) and application security posture management (ASPM).

CSPM solutions focus on monitoring and securing the cloud infrastructure, while ASPM solutions secure the financial applications running on that infrastructure.

ASPM is a holistic approach to application security that involves continuous discovery and monitoring, assessment, business logic exploitation, and remediation of vulnerabilities across the entire software development lifecycle.

By integrating ASPM into their security posture management strategy, financial organizations can discover APIs in use, identify vulnerabilities in applications, prioritize remediation efforts, and ultimately reduce overall security risk.

Best practices for leveraging ASPM include discovering and prioritizing critical applications, automating security testing and compliance checks, integrating security into the development process, monitoring application behavior in real-time, and using automation to streamline remediation efforts.

Integrating ASPM with CSPM helps fill coverage gaps and identify vulnerabilities in applications that cannot be detected by CSPM alone.

Overall, ASPM is a powerful tool for financial organizations to reduce risk exposure, ensure application and data security, and avoid security breaches, compliance issues, and downtime caused by vulnerabilities.

Key points:
– Financial organizations are increasingly moving their applications and infrastructure to the cloud.
– Cloud security posture management (CSPM) and application security posture management (ASPM) are key components of a comprehensive security posture management approach.
– ASPM focuses on securing the financial applications running on cloud infrastructure.
– Integration of ASPM with CSPM helps fill coverage gaps and identify vulnerabilities that CSPM alone may not detect.
– Best practices for leveraging ASPM include discovering and prioritizing critical applications, automating security testing and compliance checks, integrating security into the development process, monitoring application behavior in real-time, and using automation to streamline remediation efforts.