The document discusses four main problems with the traditional approach to application security:
1. Security testing creates an asymmetric arms race between testers and attackers. Traditional end-of-cycle penetration tests only provide minimal security.
2. Applications often incorporate outsourced, open source, or third party code that may contain vulnerabilities. Dependency issues are rarely tested.
3. It is difficult to manage vulnerabilities at scale across a large number of applications and reports from different testers.
4. Security issues overwhelm developers with too much information, creating "white noise" and prioritizing compliance over risk. Contextualizing risk is important.