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Major Banks Back OSERA Open Source Security Initiative

Original: Major Banks Back OSERA to Deliver Industry Wide Remediation Standards and Fixes to Secure Open Source Software

A group of major banks is backing OSERA, a new effort to establish industry-wide standards and fixes for securing open source software. The initiative aims to coordinate remediation practices across the financial sector, where reliance on open source components carries significant security risk. Financial institutions have increasingly pushed for collective approaches to software supply chain vulnerabilities.

Why now: Banks' collective funding of an open source security standards body is a notable move amid growing concerns over software supply chain attacks.

OSERAmajor banks

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