It is no secret that the world runs on software today. Keeping that software secure is therefore crucial, especially in sensitive sectors such as finance and securities. As a result, the Securities and Exchange Board of India (SEBI) has introduced a stronger cybersecurity mandate known as the Cybersecurity and Cyber Resilience Framework (CSCRF).
A pivotal component of this framework is the Software Bill of Materials (SBOM). A key instrument in managing software supply chain risks. This blog unpacks the SBOM requirement of SEBI CSCRF, outlines its benefits, shares best practices for implementation and more.
What is SBOM?
SBOM is essentially a comprehensive inventory of software components, akin to a recipe listing its ingredients. Just like food labels tell you what’s inside a snack, SBOM tells you exactly what components are inside your software applications. It details open-source and third-party components like code libraries and tools, their versions, patch status, and licensing information. By leveraging SBOMs, security teams can proactively identify and address potential vulnerabilities and licensing issues within their software ecosystem.
Why SBOMs are Important?
Implementing SBOMs isn’t just about ticking off a regulatory checkbox—it makes your software environment much safer and easier to manage. Here’s how:
- You get full visibility into what your software is made of.
- You can track vulnerabilities quickly because you know exactly which components to look at.
- You reduce third-party risk, since you’ll be more aware of what external libraries and code your software depends on.
- Audits become easier because you can prove you’ve done your due diligence with authorized software components.
Suppose if there’s a known security issue in one of those ingredients (like the infamous Log4j vulnerability), you’ll want to know about it—and know it fast. SBOM gives you that visibility.
To know more, check out our full SBOM Guide for 2025.
What SEBI’s CSCRF Says About SBOMs
Under SEBI’s new rules, Regulated Entities (REs) need to:
- Get SBOMs for new software that’s used for critical or core operations—right at the time of purchase.
- Generate SBOMs for existing software within six months from the date CSCRF was issued.
- Keep SBOMs updated whenever software is changed or upgraded.
- Include SBOMs in vendor requirements, especially for Market Infrastructure Institutions (MIIs).
- Make sure the SBOM includes a bunch of details like licenses, suppliers, components (including transitive dependencies), encryption methods, hash values, update frequencies, and more.
- Handle exceptions carefully for old or proprietary systems where an SBOM might not be available with proper approvals and risk management in place.
How CyberNX Can Help with SBOM Requirement of SEBI CSCRF?
At CyberNX, we understand that SBOM requirement of SEBI CSCRF can feel overwhelming, especially if your organization is dealing with multiple systems, legacy software, or vendor integrations.
That’s why we offer end-to-end SBOM services, tailored to help Regulated Entities meet CSCRF compliance without hassle.
Here’s what we can do for you:
1. Analysis and Strategy Development
Our experts will offer a detailed assessment of the current compliance status against CSCRF requirements. In addition, we will create a strategic roadmap for obtaining and generating SBOMs, aligned with the REs’ specific needs, and leverage our expertise to generate SBOMs for existing critical systems using appropriate tools and techniques. We can also collaborate with software vendors, on your behalf, to ensure they understand and comply with SBOM requirements.
2. Deploy SBOM Generation Tools
We don’t just tell you what to do—we bring the tools and expertise. CyberNX helps you set up and configure SBOM generation tools that integrate with your existing software pipelines or operating system. Whether it’s during development, testing, or deployment, we’ll make sure your SBOMs are generated automatically, accurately, and in the right format.
3. Automate SBOM Updates
Once your SBOMs are set up, we help you create processes to keep them updated every time there’s a software change. This way, you’re never working with outdated information and you’re always ready for an audit.
4. Ensure SEBI CSCRF SBOM Compliance
We work closely with your teams to align your software procurement and development practices with SEBI’s SBOM requirements. That means:
- Embedding SBOM requirements into contracts and vendor selection processes.
- Handling exceptions for legacy or proprietary systems.
- Documenting everything properly, so you’re covered during compliance reviews.
5. Monitor and Manage SBOMs Continuously
SBOM generation is just the beginning. CyberNX also helps you monitor your SBOMs for changes, vulnerabilities, and risks over time. We connect SBOM data with your vulnerability management process, so when a new threat emerges, you know exactly where to focus your response.
Conclusion
SBOM requirement of SEBI CSCRF is a smart move toward building a safer, more transparent software ecosystem in India’s financial sector. But it’s also a complex process that involves the right tools, knowledge, and workflows.
CyberNX is here to make it simple. From setting up SBOM tools and automating updates to helping you meet every point in the CSCRF checklist.
If you’re a Regulated Entity looking to get ahead of compliance, reduce risk, and build a stronger cybersecurity posture, let’s talk. With CyberNX as your partner, you’re not just meeting requirements; you’re building resilience for the long run.
SBOM requirement of SEBI CSCRF FAQs
What is a Software Bill of Materials (SBOM)?
A Software Bill of Materials (SBOM) is a comprehensive inventory of all the components, libraries, dependencies, and modules that make up a software application. It provides detailed information about the software supply chain, including version numbers, licenses, and the origin of the components. SBOMs are essential for identifying potential vulnerabilities, ensuring compliance with open-source licenses, and maintaining transparency in software development. By adopting SBOM practices, organizations can enhance their cybersecurity posture and manage risks associated with third-party components.
Why is SBOM important in software development?
SBOM is crucial for maintaining visibility into the components used in software projects. With modern software relying heavily on third-party and open-source components, it is easy for outdated or vulnerable libraries to slip into production. An SBOM helps developers and organizations track these components, enabling proactive vulnerability management. Additionally, it aids in meeting compliance requirements, ensuring software meets security standards, and streamlining incident response by quickly identifying affected components in case of a vulnerability disclosure.
How does SBOM improve cybersecurity?
SBOM enhances cybersecurity by providing a detailed view of all the components in an application, making it easier to identify and address vulnerabilities. It supports the implementation of secure software development practices by promoting transparency and accountability in the supply chain. Furthermore, in case of cyberattack or data breach, an SBOM allows rapid identification of the compromised components, facilitating efficient remediation. By incorporating SBOMs into security policies, organizations can reduce the risk of supply chain attacks and ensure their software meets robust security standards.
What are the challenges in implementing SBOM practices?
While SBOMs are valuable, their implementation comes with challenges. Maintaining an up-to-date and accurate SBOM can be resource-intensive, especially in large-scale projects with complex dependencies. Additionally, organizations must ensure compatibility between tools used to generate and manage SBOMs across various development environments. Another challenge is educating teams about the importance of SBOMs and integrating them seamlessly into existing development workflows. Despite these obstacles, the long-term benefits of improved security and compliance make SBOM adoption a worthwhile endeavour.
