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Threats contribute to the tampering, destruction or complete interruption of services and functions that adversely affect productivity and seamless functioning of enterprise operations. It is vital to understand that today threats to each asset within any applications can be targeted by hackers. Thereby, conducting application security threat assessments (ASTA) with an objective to produce recommendations that safeguard confidentiality, integrity and availability, while maintaining functionality and usability, need to be considered important. On a serious note, creating a list of threat types and identifying how these can launch attacks on application and its components and in turn the business functions, emerge as the best approach. 