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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Technology

    Posted By Wanda Rich

    Posted on February 12, 2025

    Featured image for article about Technology

    Byline: Andi Stark

    With software increasingly integrated into daily life, the systems used to develop and deliver it have become major targets for cyberattacks. The software supply chain—a complex network of tools, code, and processes that create and deploy applications—has seen a significant rise in attacks. According to the European Union Agency for Cybersecurity (ENISA), supply chain attacks have grown by 650 percent over the last five years. Incidents such as the SolarWinds breach have demonstrated how a single vulnerability can affect businesses and governments on a global scale.

    The Solarwinds attack in 2020 serves as a stark example of the potential damages a company could face:

    • Direct Costs: $40M in breach-related expenses (2021)
    • Legal Settlements: $26M class-action lawsuit (2022) and SEC penalties
    • Stock Impact: A 23% drop in share price within a week
    • Widespread Impact: Affected 18,000 companies and 9 U.S. government agencies.

    As these risks increase, companies are seeking robust solutions to safeguard their software pipelines. Scribe Security, a cybersecurity company, empowers secure development by default, reducing risks with comprehensive DevSecOps controls, pipeline security, and automated code signing. It helps prevent breaches, quickly identifies misconfigurations, enforces policy compliance, and accelerates detection and remediation—keeping your software secure and your teams efficient.

    Enhancing Transparency in Development

    Scribe Security prioritizes clarity in the software supply chain. The company’s platform provides tools to map out the relationships between code, dependencies, and development processes, giving organizations a detailed view of potential risks.

    "One of the biggest challenges organizations face is knowing what’s inside their software," said Rubi Arbel, CEO of Scribe Security. "Our platform provides complete visibility, enabling businesses to understand, monitor, and secure their software components throughout production."

    This level of transparency supports compliance with security standards such as the Supply Chain Levels for Software Artifacts (SLSA) and the Secure Software Development Framework (SSDF). It also ensures that clients can demonstrate the integrity of their software to customers and regulators, a critical requirement as global cybersecurity standards become stricter. And especially urgent in light of President Biden's new Cybersecurity Executive Order, published Jan 16th 2025, that mandates new transparency and accountability regulations for all software providers and vendors of the US Federal Government.

    Automating Security to Prevent Tampering

    The software supply chain often involves numerous interconnected tools, scripts, and third-party components, each of which presents a potential entry point for attackers. Scribe Security addresses this challenge by automating essential security processes. Its platform integrates with Continuous Integration and Continuous Deployment (CI/CD) systems to monitor for tampering, verify code integrity, and apply preventive measures at every stage of development.

    "Automation is a force multiplier for cybersecurity teams," Arbel stated. "We help organizations stop threats by embedding security into the development pipeline before they reach production—without slowing down the development process."

    As businesses adopt faster development cycles, Scribe Security’s automated controls ensure that security measures keep pace with the speed of innovation, preventing risks from being overlooked in the rush to deploy updates.

    Bridging Developers and Security Teams

    Collaboration between development and security teams has long been a challenge. Developers often focus on speed and innovation, while security teams prioritize safeguarding systems, creating tension between the two groups. Scribe Security’s platform facilitates alignment by embedding security processes into existing development workflows, without slowing down development.

    Centralized dashboards and customizable policies allow both teams to work from a shared set of tools and data. The platform also unifies findings from various security tools into a single interface, simplifying the task of addressing potential risks. Metrics within the system help organizations track the adoption of security measures, ensuring accountability across teams.

    "For too long, security has been seen as an obstacle to development," Arbel noted. "We’ve focused on building solutions that bring teams together, so security becomes a shared responsibility rather than a bottleneck."

    Adapting to Changing Cybersecurity Regulations

    Governments worldwide are introducing stricter cybersecurity requirements for software producers. In the United States, for example, Executive Order 14028 mandates enhanced security in software supply chains, including the use of Software Bills of Materials (SBOMs) to document the origins of code and components. According to Gartner, by 2025, 60 percent of producers will need to include SBOMs in procurement contracts.

    Scribe Security supports clients in meeting these evolving requirements by automating SBOM generation and offering tools to demonstrate compliance with regulatory standards. These capabilities help organizations avoid penalties while building trust with stakeholders.

    Delivering Value to Clients

    Scribe Security’s tools provide tangible benefits to its clients, which include Fortune 500 companies and government agencies like the U.S. Department of Homeland Security. These organizations use Scribe Security’s platform to minimize risks and improve their development processes.

    One Fortune 500 client reported a 70 percent reduction in software tampering incidents after using the platform for a year. The ability to integrate security measures directly into existing workflows has been particularly valuable, enabling organizations to maintain productivity while strengthening their defenses.

    As cyberattacks grow more frequent and sophisticated, companies need solutions that address these threats at every stage of development. Scribe Security provides tools that enhance transparency, automate tamper prevention, and streamline compliance, enabling businesses to protect their software without disrupting their operations.

    Scribe Security is helping clients build safer, more resilient systems by fostering collaboration between development and security teams, without impeding development time and enabling organizations for emerging regulations. Arbel articulated, "When security becomes part of the process rather than a separate task, organizations can, not only achieve their goals with confidence and peace of mind, but also create competitive advantage."

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