Case Study: Financial Services Organization achieves 192% ROI and 60% fewer application vulnerabilities with Veracode

The Total Economic Impact™ of Veracode’s Cloud-Based Application Security Service

Veracode commissioned Forrester to evaluate the economic impact of its cloud-based application security service using a Global 2000 financial services customer as a case study. That firm managed a portfolio of several thousand applications but relied on a complex, on‑premises scanner that required specialized expertise, covered only a fraction of critical apps, and generated high remediation and tracking overhead—especially for outsourced and legacy code—creating visibility gaps and elevated enterprise risk.

By moving to Veracode’s cloud platform with binary SAST, DAST, remediation coaching, and program management, the organization scaled continuous assessments for roughly 400 business‑critical apps, shifted vulnerability detection earlier in the SDLC, and improved developer secure‑coding skills. Forrester’s TEI analysis found a ~60% reduction in vulnerabilities, annual benefits of $6.6–$7.6M, a 192% ROI, and a three‑year NPV of about $11.5M, driven by avoided remediation costs, faster time‑to‑market, and reduced breach risk.