US President Biden released its much-anticipated 'Executive Order on Improving the Nation's Cybersecurity.' in the wake of SolarWinds and Microsoft Exchange attacks.

The Executive Order aims to widen the scope of sharing information between US federal government and private companies. It puts in motion elimination of contractual barriers on sharing of information about threats, incidents, and risks and of information collected, processed, and maintained by or for the US federal government.

It also requires the establishment of cybersecurity standards for all software sold to the US federal government, sets up rules for supply chain security, establishes Cyber Safety Review Board, and set up procedures to improve detection of cybersecurity vulnerabilities and incidents on US federal government networks.