In March, the White House released the National Cybersecurity Strategy — the first update since 2018– taking current cyber threats into account. Industries must now navigate higher standards of liability for vulnerabilities or security flaws within their products during a time when cybercrime continues to evolve and increase.

Shift in Liability

Currently, contracts offer a haven for software companies to limit the liability they will face — or completely evade liability — in the case of a cyberattack. As a result, software providers are not incentivized to develop secure applications without vulnerabilities. But the new strategy…