The document provides definitions and concepts related to application security including assets, threats, vulnerabilities, attacks, and security controls. It discusses how application security aims to secure the confidentiality, integrity, and availability of data by protecting against vulnerabilities like SQL injection and cross-site scripting. The document demonstrates how attackers can exploit vulnerabilities in multiple phases, from information gathering to maintaining access. It recommends best practices for developers like following security standards, conducting audits, implementing logging, and keeping software updated. Finally, it discusses Facebook's response to the Cambridge Analytica data privacy scandal.