The document describes a study on web service security conducted by Posani Nagendra Chowdary. It discusses common web application vulnerabilities like command injection, stored XSS, external control of files, weak CAPTCHAs, SQL injection, and malicious file uploads. It also describes popular penetration testing tools and vulnerabilities specific to web services like SOAP messages. Further, it demonstrates developing a vulnerable web application and simulating an attack. The document proposes countermeasures against web service attacks and a penetration testing tool for assessing web service security.