- Last week, Joe Biden issued an executive order designating cybersecurity as a top priority
- The order’s primary mandate is to enhance the integrity of software supply chains by requiring a Software Bill of Materials (SBOM)
- SBOM functionality is at the core of Relay Medical’s Cybeats’ cybersecurity platform
- Relay Medical has begun pilots of an SBOM solution that directly addresses many facets of the order
- Relay Medical Corp. (RELA) is up 9.43 per cent and is trading at C$0.29 at close
Relay Medical Corp. (RELA) applauds an executive order issued by the Biden Administration to strengthen the nation’s cybersecurity practices.
Last week, President Joe Biden outlined a policy that designates cybersecurity a top priority. All Federal Information Systems will be required to exceed the standards and requirements set forth by the order.
The order’s primary mandate is to enhance the integrity of software supply chains by requiring a Software Bill of Materials (SBOM), a solution that is already at the core of Relay Medical’s Cybeats’ cybersecurity platform.
“The SBOMs gain greater value when collectively stored in a repository that can be easily queried by other applications and systems. Understanding the supply chain of software, obtaining an SBOM, and using it to analyze known vulnerabilities are crucial in managing risk,” stated Joseph Biden in the Executive Order.
“Following the recent numerous, and notable cyber attacks on critical infrastructure in the US, it is not surprising to see this order in support of a federal security standard for software and the companies that supply the government,” stated Yoav Raiter, CEO, Relay Medical Corp.
“This order is in direct support of Relay’s recent acquisition and exactly what the Cybeats platform addresses as part of its cybersecurity suite,” concluded Raiter.
Relay Medical acquired Cybeats in late March and has since been scaling the solution to meet the growing needs of cybersecurity across multiple industries.
Relay Medical has begun pilots of an SBOM solution which directly addresses many facets of the order including removing barriers to information sharing when detecting, responding and investigating threats.
Most recently, Relay appointed Chuck Brooks to the Board as a Special Advisor. His thought leadership has been recognized as a two-time Presidential appointee and he was a member of the Department of Homeland Security.
Currently, security experts often use Critical infrastructure protection (CIP) solutions to protect infrastructure from cyber-attacks.
In 2021, the CIP market size was USD 96.30 billion and is projected to reach USD 154.59 billion by 2028.
As the federal government plans to partner with the private sector, it will need to adapt to the continuously changing threats to ensure its products operate securely.
Relay Medical is a Canadian-based technology innovator focused on the development of novel technologies in the diagnostics and AI data science and IoT security sectors.
Relay Medical Corp. (RELA) is up 9.43 per cent and is trading at C$0.29 at close.
