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DYNATRACE, INC.

(DT)
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Dynatrace : New research shows cloud-native architectures break traditional approaches to application security

06/03/2021 | 08:11am EDT

WALTHAM, Mass., June 3, 2021 - Software intelligence company Dynatrace (NYSE: DT) announced today the findings of an independent global survey of 700 CISOs, which reveals the rising adoption of cloud-native architectures, DevOps, and agile methodologies has broken traditional approaches to application security. As organizations shift more responsibility 'left' to developers to accelerate innovation, increasingly complex IT ecosystems and outdated security tooling can slow releases by leaving blind spots and forcing teams to manually triage countless alerts, many of which are false positives reflecting vulnerabilities in libraries that are not used in production. Organizations are calling for a new approach that is optimized for multicloud environments, Kubernetes, and DevSecOps. The complimentary report, Precise, automatic risk and impact assessment is key for DevSecOps, is available for download here.

This research reveals:

  • 89% of CISOs say microservices, containers, and Kubernetes have created application security blind spots.
  • 97% of organizations do not have real-time visibility into runtime vulnerabilities in containerized production environments.
  • Nearly two-thirds (63%) of CISOs say DevOps and Agile development have made it more difficult to detect and manage software vulnerabilities.
  • 74% of CISOs say traditional security controls such as vulnerability scanners no longer fit today's cloud-native world.
  • 71% of CISOs admit they are not fully confident code is free of vulnerabilities before going live in production.

'The increased use of cloud-native architectures has fundamentally broken traditional approaches to application security,' said Bernd Greifeneder, Founder and Chief Technology Officer at Dynatrace. 'This research confirms what we've long anticipated: manual vulnerability scans and impact assessments are no longer able to keep up with the pace of change in today's dynamic cloud environments and rapid innovation cycles. Risk assessment has become nearly impossible due to the growing number of internal and external service dependencies, runtime dynamics, continuous delivery, and polyglot software development which uses an ever-growing number of third-party technologies. Already stretched teams are forced to choose between speed and security, exposing their organizations to unnecessary risk.'

Additional findings include:

  • On average, organizations need to react to 2,169 new alerts of potential application security vulnerabilities each month.
  • 77% of CISOs say most security alerts and vulnerabilities are false positives that do not require actioning as they are not actual exposures.
  • 68% of CISOs say the volume of alerts makes it very difficult to prioritize vulnerabilities based on risk and impact.
  • 64% of CISOs say developers do not always have time to resolve vulnerabilities before code moves into production.
  • 77% of CISOs say the only way for security to keep up with modern cloud-native application environments is to replace manual deployment, configuration, and management with automated approaches.
  • 28% of CISOs say application teams sometimes bypass vulnerability scans to speed up software delivery.
'As organizations embrace DevSecOps, they also need to give their teams solutions that offer automatic, continuous, and real-time risk and impact analysis for every vulnerability, across both pre-production and production environments, and not based on point-in-time 'snapshots',' continued Greifeneder. 'With the Application Security Module on the Dynatrace Software Intelligence Platform, organizations can leverage the automation, AI, scalability, and enterprise-grade robustness of Dynatrace, and extend this to deliver more secure release cycles with confidence their cloud-native applications are free from exposures.' The report is based on a global survey of 700 CISOs in large enterprises with over 1,000 employees, conducted by Coleman Parkes and commissioned by Dynatrace in 2021. The sample included 200 respondents in the U.S., 100 in the UK, France, Germany, and Spain, and 50 in Brazil and Mexico, respectively.

Disclaimer

Dynatrace Inc. published this content on 03 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2021 12:10:01 UTC.


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Financials (USD)
Sales 2022 895 M - -
Net income 2022 77,6 M - -
Net cash 2022 285 M - -
P/E ratio 2022 326x
Yield 2022 -
Capitalization 16 387 M 16 387 M -
EV / Sales 2022 18,0x
EV / Sales 2023 14,2x
Nbr of Employees 2 779
Free-Float 66,9%
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NameTitle
John Van Siclen Chief Executive Officer & Director
Kevin Conal Burns Chief Financial Officer, Secretary & Treasurer
Jill A. Ward Chairman
Bernd Greifeneder Chief Technology Officer & Senior Vice President
Matthias Scharer Senior Vice President-Business Operations
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