- Feb 21, 2022 8:12 pm GMT
REA produced this video for a Board of Directors and C-Level Executives audience to explain why a software bill of materials (SBOM) is so important to manage software risk. An everyday life metaphor is used to show how dangerous it can be to purchase or install software without knowing what's inside. Those with fiduciary duties should pay close attention to legal decisions out of Delaware court system:
"shareholders have taken notice of increased cybersecurity risks and are increasingly seeking to hold directors and officers personally liable through derivative litigation. Cases recently decided by the Delaware Chancery Court under the landmark Caremark case have paved a path for shareholder-plaintiffs to hold directors and officers liable for breaching their fiduciary duties in the wake of a cybersecurity failure, and have increased the importance of board oversight of cybersecurity."
Please try to look past the video production flaws; this is what happens when you give a software engineer a camera and mic for 5 minutes. Hopefully the message being conveyed is clearer than the video. Enjoy my David Copperfield impersonation.
No discussions yet. Start a discussion below.
Get Published - Build a Following
The Energy Central Power Industry Network is based on one core idea - power industry professionals helping each other and advancing the industry by sharing and learning from each other.
If you have an experience or insight to share or have learned something from a conference or seminar, your peers and colleagues on Energy Central want to hear about it. It's also easy to share a link to an article you've liked or an industry resource that you think would be helpful.