Certification Demonstrates Commitment to Data and Software Security
FOR IMMEDIATE RELEASE
CARMEL, Ind. – September 10, 2019 – KAR Auction Services Inc. (NYSE: KAR), a global automotive remarketing and technology services provider, announces the Veracode Verified Team Status certification of Recovery Database Network (RDN). Veracode Verified is a program that validates a company’s secure software development processes by testing for potential vulnerabilities and evaluating its software security. This industry-leading verification helps assure RDN customers across the repossession and disposition value chain of its commitment to securing their data.
“RDN is continuously making enhancements through data science and building on its digital suite of solutions,” said Pradeep Mahdevu, vice president of RDN. “Undergoing rigorous security testing, implementing strict development practices, and earning Veracode Verified certification ensures that our digital solutions meet a high standard of application security, reducing risk for our customers.”
For more than 10 years, RDN’s software-as-a-service technology has enabled automotive lenders with improved recovery performance and increased operational efficiency while providing full security and transparency. Similarly, Clearplan’s digital platform provides recovery agents, drivers, forwarders and automotive lenders a centralized, mobile, cloud-based hub for repossession workflow and logistics management. Together, Clearplan and RDN connect thousands of recovery agents and automotive lenders to a streamlined vehicle recovery process — with reduced redundancies and increased actionable data.
Organizations like RDN that had their secure development practice validated, and their application accepted into the Team Tier, have demonstrated that the following security gates have been implemented into their software development practice:
- Assesses first-party code with static analysis
- Documents that the application does not allow Very High flaws in first-party code
- Provides developers with remediation guidance when new flaws are introduced
- Assesses open source components for security flaws
- Identifies a Security Champion within the development team to ensure secure coding practices are used across the development lifecycle.
- Provides training on secure coding best practices for the identified security champion.
“RDN is committed to delivering secure code to help organizations reduce the risk of a major security breach,” said Asha May, Veracode. “Companies that invest in secure coding processes and follow our protocol for a mature application security program are able to deliver more confidence to customers who deploy their software.”
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About KAR Auction Services
KAR Auction Services (NYSE: KAR) provides sellers and buyers across the global
wholesale used vehicle industry with innovative, technology-driven remarketing
solutions. KAR’s unique end-to-end platform supports whole car, salvage,
financing, logistics and other ancillary and related services, including the
sale of nearly 3.5 million units valued at over $40 billion through our
auctions. Our integrated physical, online and mobile marketplaces reduce risk,
improve transparency and streamline transactions for customers in more than 70
countries. Headquartered in Carmel, Ind., KAR has approximately 15,000
employees across the United States, Canada, Mexico, U.K. and Europe. For more
information, go to www.karauctionservices.com.
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