On March 22, 2021, Microsoft submitted a recommendation to the US government about incentivizing tech adoption best practices to combat supply chain security threats.
According to Microsoft, Governments should assess their regulatory approach to “encompass a comprehensive, targeted and technology-enabled strategy”.
This is in follow up to recent Executive Order President Biden published on Securing the Information and Communications Technology and Services Supply Chain that allows the Department to intervene, review and potentially block any ICTS transaction between U.S. companies and those deemed “foreign adversaries.”
“At best, government actions like the ICTS supply chain rule introduce considerable uncertainty about whether U.S. tech companies can remain reliable suppliers or partners; at worst, they could cut off U.S. companies access to global markets, partners or customers…”
Microsoft’s proposed fix? Incentivizing risk-mitigation solutions including:
- Software Security Technologies
- Hardware Security Technologies
- Data Security Technologies
These proposed incentives would ease imposed regulatory burdens from an ICTS rule and broadscale deployment of risk mitigation tools throughout supply chains.
Read the original “Microsoft On the Issue” post here: Microsoft proposes incentivizing digital solutions to mitigate supply chain risk.
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