Application Security, Inc.
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Password Attacks
Typically a dictionary type of attack where a wordlist is used to try to brute-force a particular user's password. Given an infinite amount of time, any password can be derived in this fashion.

Vulnerabilities
Vulnerabilities within an application are the result of programming errors. Developers are not often "security minded". Therefore, when they code an application, they pay more attention to making the application "work" rather than making it "work securely".