Proof of Usefulness Report

AppSec Labs

Analysis completed on 2/7/2026

+44
Proof of Usefulness Score
You're In Business

AppSec Labs is a verifiable application security consultancy established in 2010, but the submission is severely undermined by low-quality data and demonstrably false claims. While the company operates in a high-utility sector (cybersecurity), the claim of being a 'Top 10 application security company worldwide' is unsupported by major industry rankings (e.g., Gartner, Forrester, Cyber Magazine), which list competitors like Veracode, Snyk, and Checkmarx. The audience reach claim ('everyone') and traction evidence ('most people have used my product') are factually incorrect for a niche B2B firm, resulting in heavy penalties. The revenue metric ('all time marketcap: 17000000') is ambiguous but suggests a small-to-mid-sized operation (~$1.2M/year avg) rather than a global leader. 'ShadowRider' appears to be a username rather than the project name.

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Score Breakdown

Real World Utility+80.0
Audience Reach Impact+10.0
Technical Innovation+40.0
Evidence Of Traction+20.0
Market Timing Relevance+50.0
Functional Completeness+10.0
Subtotal+38.5
Usefulness Multiplierx1.15
Final Score+44

Project Details

Project URL
appsec-labs.com
Description
AppSec Labs is a dedicated application security organization, positioned in the top 10 application security companies worldwide. Our mission is to share our hands-on experience, by providing cutting-edge Penetration test, Training/Academy & Consulting. Our expertise: 1) Penetration Testing & Security Tests for Web, Mobile, Desktop and IoT applications. 2) Application Security Academy - Hands on Secure Coding and Hacking Courses for a wide range of technologies. 3) Consultation & Research. We provide a full cycle of security services starting from the initial design stages through the full development life-cycle providing analysis, training and testing services to assure the production of optimally secured product. In the IoT Security realm we provide a holistic security solution, addressing the full ecosystem of smart & connected devices,including: IoT & IIoT(Industrial Internet of Things).

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline