Why banks should incorporate software bill of materials (SBOM) into their third-party risk programs

In the face of rising cybersecurity threats, the Biden administration issued an executive order in May 2021 calling for improvements in the supply chain. Among the recommended requirements is a software bill of materials (SBOM) for software vendors contracting with the government. The order mandates the adoption of SBOM by large government supply chains and will change how software is supplied to U.S. federal agencies in the years ahead. It is expected that these new … More →

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