Contrast Security

Attackers exploit new application vulnerabilities in just 5 days.

The average application is exposed to 81 confirmed, viable attacks each month that evade other defences

On average, applications contain 30 serious vulnerabilities.

Applications face an average of 17 new application vulnerabilities per month.

Developer teams remediate, on average, 6 application vulnerabilities per month.

It takes an average of 84 days to patch even the most critical flaws in applications.

The average application is targeted by attackers once every 3 minutes.

Fewer than 25% of financial sector respondents are confident that their current security controls could mitigate a zero-day attack.

60% of financial sector respondents said their investments in XDR did not provide visibility into behavioural anomalies at the application layer.

82% of financial institutions overrely on web application firewalls (WAF).

64% of financial sector respondents reported experiencing cybersecurity incidents in the past 12 months.

38% of financial sector respondents reported a lack of visibility into the application layer as a concern.

Financial sector respondents reported a 12.5% increase in destructive cyber attacks.

Over two-thirds of financial sector respondents experienced attacks focused on stealing non-public market information.

71% of of financial sector respondents reported zero-day attacks as the key concern for safeguarding applications and APIs.

43% of financial sector respondents cited dwell time as a key concern.

61% of financial sector respondents consider their WAFs to be effective.

Over half of financial institutions experienced a supply chain attack.