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at best it's "cover your ass security" so when you do get pwned you can say you went through an "accrediting auditor" - blah blah blah.

Agreed on everything you said. Just wish there was a more efficient way to do things :/

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Yep, some stakeholder wants a pen-test or an audit so you do it and address the findings to keep them happy. Going through it now at work - bunch of silly findings because the pen testers know they don't get paid to send back an empty report and tell you everything is fine.
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