Dive Brief:
Following a series of cyberattacks that exposed vulnerabilities in the United States critical infrastructure, President Joe Biden signed an executive order May 12 aimed at bolstering defenses and transparency, including development of a Cyber Safety Review Board (CSRB) to assess major intrusions.
The recent Colonial Pipeline attack and SolarWinds supply chain hack illustrate that software procurement and distribution is a major vulnerability, according to a senior White House official. We routinely install software with significant vulnerabilities into some of our most critical systems and infrastructure, they said in a Wednesday evening briefing with reporters.
To address this, the executive order requires the use of a Software Bill of Materials (SBOM) in government procurements, to allow for more efficient tracking of known vulnerabilities. The Edison Electric Institute (EEI), which represents investor-owned utilities, and the North American Transmission Forum (
The big story: Squarespace files to go public
Squarespace has filed to go public via direct listing on the New York Stock Exchange, under the ticker symbol SQSP. The company behind the popular website builder has seen its revenue grow 28% year-over-year, from $484.8 million in 2019 to $621.1 in 2020. And it reported net income of $30.6 million last year.
Also worth noting: The majority of voting power still rests with founder and CEO Anthony Casalena.
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