Last night, the Biden administration released an executive order on cybersecurity that includes new security requirements for software vendors selling software to the U.S. government. These requirements include security testing in the development process and a bill of materials for the open source libraries in use, so known vulnerabilities are disclosed and able to be tracked in the future. Without following these standards, companies will not be able to sell software to the federal government.
On Thursday, May 6, Colonial Pipeline, which operates a pipeline that delivers gasoline and jet fuel to nearly 45 percent of the U.S. East Coast, fell victim to a ransomware attack. The attack took over 100 gigabytes of data hostage, causing the company to halt all pipeline operations and shut down several of its systems. The attackers, identified as a criminal gang known as DarkSide, threatened to leak proprietary information unless a ransom is paid.
Following President Biden’s address to Congress last night in which he referenced cybersecurity as a priority twice, news is circulating today that the executive order on cybersecurity is imminent. This news comes as a much awaited and long overdue step towards creating standardization and structure around cybersecurity.