As more businesses collect and share customer personal data for their digital economy, it has significantly influenced data privacy in today’s digital age. Data is the most critical asset to both businesses and customers/users. Businesses must ensure the confidentiality and integrity of users’ data and impose strict control over personal data collection and processing.
Software security is a big focus of the Biden administration’s recent executive order on cybersecurity. In fact, an entire section, or 25 percent, of the order is dedicated to software security requirements. In the wake of the SolarWinds cyberattack, the security of the software supply chain is clearly top of mind at the White House, and has prompted these unprecedented and detailed security requirements for any software vendor looking to do business with the federal government.
Netskope applauds the White House’s Executive Order on Improving the Nation’s Cybersecurity, especially the rigor with which short-term deadlines and some clear-cut plans of action are described. DarkSide ransomware and the attack on the Colonial Pipeline is just one recent example of events that have disrupted national critical infrastructure and put the privacy and safety of millions of individuals at risk.
Given that attacks are only increasing and there needs to be greater efficacy in how companies protect themselves, let us reference how the financial industry has created and relies on a body of standards to address issues in financial accounting as a defined comparison for Information Security. To support this argument, there is a defined contrast between information security and Generally Accepted Accounting Principles. We’ll explore this relationship in more detail below.
The Biden Administration published a new executive order (EO) to strengthen the digital security of U.S. federal government networks. Published on May 12 by The White House, the executive order covered much of what many media outlets reported would appear in the draft. This included the issue of supply chain security. For example, the EO stated that the U.S. federal government will begin requiring developers to make security data about their tools publicly available. It also said that the U.S.
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.
In the last six months, multiple major cyber attacks have severely impacted hundreds of organizations in both the public and private sectors, and disrupted the daily lives of tens of thousands of their employees and customers.
In today’s data-driven world, every other company and application collects a significant amount of important data and individual’s personal information such as name, email ID, address, date of birth, ID number, credit card information, and online behaviours, history and much more. Sharing data has become an essential component to many businesses and organisations; it allows the data controller and data subjects to stay connected and collaborate on many things.
The Biden administration said it’s drafting an executive order to help the United States government better defend itself against digital supply chain attacks.
