Information security has become a key concern for organizations conducting business in the current electronic era. Rapid technological development continuously creates novel security threats, making IT an uncertain infrastructure. So the security is an important factor for the vendors as well as for the consumers. To fulfill the security needs, IT companies have to adopt some standards to assure some levels that concern with the security in their product. Common Criteria (CC) is one of the standards that maintains and controls the security of IT products. Many other standards are also available to assure the security in products but like these standards CC has its own pros and cons. It does not impose predefined security rules that a product should exhibit but a language for security evaluation. CC has certain advantages due to its ability to address all the three dimensions: a) it provides opportunity for users to specify their security requirements, b) an implementation guide for the developers and c) provides comprehensive criteria to evaluate the security requirements. On the downside, it requires considerable amount of resources and is quite time consuming. Another is security requirements that it evaluates and must be defined before the project start which is in direct conflict with the rapidly changing security threat environment. In this research thesis we will analyze the core issues and find the major causes for the criticism. Many IT users in USA and UK have reservations with CC evaluation because of its limitations. We will analyze the CC shortcomings and document them that will be useful for researchers to have an idea of shortcomings associated with CC. This study will potentially be able to strengthen the CC usage with a more effective and responsive evaluation methodology for IT community.