The concept of such a list, known as a “software bill of materials (SBOM),” is to know everything that goes into a particular piece of software so that any supply chain risks are easier to identify. (Getty Images)
Japan’s Prime Minister Fumio Kishida, Canada’s Prime Minister Justin Trudeau, U.S. President Joe Biden, Germany’s Chancellor Olaf Scholz, British Prime Minister Boris Johnson and France’s President Emmanuel Macron pose for a G7 leaders’ family photo during a NATO summit on Russia’s invasion of Ukraine, at the alliance’s headquarters in Brussels, on March 24, 2022. (Photo by Henry Nicholls – Pool/Getty Images)
The guidance is the first real effort to establish transnational standards for cybersecurity in perhaps the most high-stakes sector of all — financial services.