Guidelines for reducing risk through secure applicationdevelopment were released on Wednesday by a major financialservices technology consortium.
|The BITS Software Assurance Framework “provides strategic stepsand program components to improve the design, creation andimplementation of safe applications by financial institutions andthird-party providers,” said BITS, the technology policy division of The FinancialServices Roundtable in Washington, D.C.
|Guidelines in the paper cover such topics as setting a securitystandard, training, building security and resilience into thedesign, threat modeling, coding practices and security testing.
|The guidelines were developed by financial and software securityspecialists and are intended to “complement the mature softwareassurance controls financial institutions currently employ,” BITSsaid.
|“Building safe software is a necessity, a priority and acomplex process for financial institutions,” said Paul Smocer,BITS president. “The BITS Framework offers a practical approachto software security through strong design, implementation andtesting processes.”
|The Software Assurance Framework document is available online.
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