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This document provides an overview of the Application Security Review conducted by the Internal Audit Department in collaboration with PwC, assessing the security measures and controls over access
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How to fill out application security review

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How to fill out Application Security Review

01
Gather all relevant application documentation such as architecture diagrams, data flow diagrams, and design specifications.
02
Identify and list all known security requirements or compliance standards applicable to your application.
03
Review and document the application's authentication and authorization mechanisms.
04
Conduct a threat modeling session to identify potential security vulnerabilities and risks.
05
Evaluate third-party components and libraries for known vulnerabilities.
06
Perform static and dynamic analysis of the application to identify security flaws in the code.
07
Document all findings and remediation recommendations in a clear and concise manner.
08
Submit the completed Application Security Review to the appropriate security team for further evaluation.

Who needs Application Security Review?

01
Development teams building new applications.
02
Organizations seeking to comply with security standards and regulations.
03
Product managers assessing the security posture of applications.
04
IT security teams responsible for risk management and mitigation.
05
Any team or individual involved in the software development lifecycle.
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Here's a step-by-step guide to conducting an effective security review: Define the Scope. Gather Information. Assess Security Controls. Conduct Vulnerability Scanning and Testing. Review Compliance. Document Findings and Recommendations. Develop an Action Plan. Monitor and Review.
IAST (interactive application security testing) is an application security testing method that tests the application while the app is run by an automated test, human tester, or any activity “interacting” with the application functionality.
Building Security into the Development Lifecycle During coding, teams conduct secure code reviews, focusing on preventing common vulnerabilities before they reach testing. Testing then verifies both functionality and security, using techniques like automated scanning to catch flaws.
More Details on the ASVS The standard provides a basis for testing application technical security controls, as well as any technical security controls in the environment, that are relied on to protect against vulnerabilities such as Cross-Site Scripting (XSS) and SQL injection.
A security review is a systematic evaluation of your organization's security measures, policies, and practices. It is a holistic approach aimed at identifying potential threats and ensuring that your organization adheres to industry best practices. Security reviews can be both internal and external.
Application security refers to the process of identifying and repairing vulnerabilities in application software — from development to deployment — to prevent unauthorized access, modification, or misuse. Application security (AppSec) is an integral part of software engineering and application management.
An application security assessment is a comprehensive evaluation of an application's security posture across its entire lifecycle, combining a broad range of activities (more on this below).
A security review is a collaborative process used to identify security-related issues, determine the level of risk associated with those issues, and make informed decisions about risk mitigation or acceptance. When is a security review needed?

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Application Security Review is a systematic evaluation of an application's security measures and vulnerabilities to ensure that the application is safe from attacks and meets compliance requirements.
Organizations that develop, deploy, or maintain applications, especially those that handle sensitive data, are required to file an Application Security Review to ensure compliance with security standards.
To fill out an Application Security Review, identify the relevant application details, assess the security controls in place, document any vulnerabilities found, and provide a summary of the overall security posture of the application.
The purpose of Application Security Review is to identify and mitigate potential security vulnerabilities in applications, ensure adherence to security policies, and protect sensitive data from threats.
The information that must be reported includes application name and version, security controls in place, identified vulnerabilities, risk assessment results, and remediation actions taken to address any security issues.
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