AsTech Announces World’s Largest Application Security Guarantee
July 2017 by Marc Jacob
AsTech announced that the company is expanding its hallmark Paragon Security Program (PSP) warranty against damages from data breaches to $5 million, the largest guarantee for application security currently available in the world today.
This guarantee protects businesses against breach-related costs if an organization suffers unauthorized access to non-public information through a vulnerability that AsTech fails to discover for its Paragon Security Program customers. AsTech joins industry leaders, such as SentinelOne, WhiteHat Security, Cymmetria and others, in providing a financial guarantee to customers in the event of successful cyber-attacks on their applications and networks that their solutions do not catch first.
According to Cybersecurity Ventures, the worldwide cost of cybercrime will grow from $3 trillion in 2015 to $6 trillion by 2021. This includes damage and destruction of data, stolen money, lost property, intellectual property theft and other areas. AsTech offers a tailored, strategic approach strategy for clients that grows with the needs of a business over time, finding highly effective, cost-efficient solutions designed to maximize return on security investment. With this program, risk management budgets are much more predictable, leading to more certainty relating to how much organizations would disperse in the event of a breach. PSP subscribers also enjoy permanent security improvements in their application development processes regardless of the size of the company.
Internet applications have now become the attack vector of choice for assailants. AsTech offers a full suite of services related to application security, with a mission to support clients with proven best practices, processes, tools and key metrics into every phase of the Secure Software Development Lifecycle. The company will find security issues, prioritize and categorize risks to reflect the real-world threat that they represent and create an effective, executable remediation plan. AsTech is the only company providing source code security assessments confident enough in their diligence to offer this expanded warranty against breach-related costs.