BlueVoyant Introduces Enhanced SBOM Capabilities for Improved Cyber Risk Management

BlueVoyant's New SBOM Management Solution

In a significant advancement in cybersecurity, BlueVoyant has officially introduced its Software Bill of Materials (SBOM) management tool, a key component of its third-party cyber risk management arsenal. This innovative solution is designed to assist organizations in efficiently reducing risks associated with third-party software by automating the process of analyzing and tracking software components provided by various vendors. By integrating this capability into their existing frameworks, BlueVoyant enhances their Supply Chain Defense system—a comprehensive approach to continuously monitor and mitigate risks stemming from suppliers and other third parties.

A Response to a Growing Issue

According to the Open Source Software Risk Analysis (OSSRA) Report, a staggering 85% of applications harbor at least one software vulnerability. Unfortunately, many organizations struggle with inadequate visibility into their software architectures and lack efficient methodologies for assessing third-party software bills. This creates ripe conditions for data breaches, service outages, and regulatory compliance challenges. Recognizing this pressing need, BlueVoyant has partnered with Manifest, a leading cybersecurity entity specializing in software supply chain security, to deliver an unparalleled SBOM solution to its clients.

Key Features and Benefits

The new SBOM management offering comes with a suite of features designed to improve vendor risk management dramatically. By automating SBOM requests from vendors, organizations can access intuitive risk assessments for the software products they utilize. The solution further enhances vulnerability management by enabling teams to quickly prioritize risks and tackle issues more effectively, minimizing false positives and unnecessary mitigation efforts.

Moreover, the SBOM management tool allows companies to create an enterprise-wide inventory of their open-source software (OSS), conducting comprehensive scans of OSS repositories to evaluate risk before deploying any components into production.

Compliance is also simplified with this solution, as it helps organizations meet various international standards, including R155 and the European Cyber Resilience Act, among others.

Expert Insight

Marc Frankel, CEO and co-founder of Manifest, noted that this collaboration combines the deep expertise in SBOM management from Manifest with the holistic capabilities of BlueVoyant's Supply Chain Defense. This synergy provides clients with consistent monitoring and a robust remediation strategy to address their most pressing third-party cybersecurity challenges.

Joel Molinoff, the global head of Supply Chain Defense at BlueVoyant, emphasized the growing recognition among organizations—both public and private—that SBOM visibility is crucial for proactive cyber risk management. He stated, "By enhancing BlueVoyant's Supply Chain Defense with Manifest's SBOM capabilities, our clients can expand risk visibility further into their software supply chains, ensuring ongoing monitoring and response to critical threats."

The introduction of this SBOM management tool aligns with the evident market need for a more sophisticated approach to third-party risk management. BlueVoyant's efforts have not gone unnoticed in the industry; their Supply Chain Defense solution has earned multiple accolades, including recognition in the Cybersecurity Excellence Awards and the Gartner Market Guide for Third-Party Risk Management Technology Solutions.

Conclusion

BlueVoyant's dedication to strengthening cybersecurity for its 1,000+ global clients, including its recent honor as Microsoft Worldwide Security Partner of the Year, underlines its leadership in this crucial sector. The new SBOM solution is a testament to BlueVoyant's commitment to providing comprehensive security operations by seamlessly integrating advanced AI technologies with human expertise.

For more information on BlueVoyant's groundbreaking SBOM solution, prospective clients and partners can visit their official website.