A major vulnerability in the open-source Apache Log4J logging library is being exploited by malicious actors and is expected to cause major security issues in 2022. This library is used on over 3 billion devices, and could be used for months or years to launch devastating attacks such as ransomware. In response, President Biden has advocated for the use of Software Bills of Materials (SBOMs) to increase transparency and encourage the updating of libraries. Companies must also take proactive steps to counter exploits, and to incorporate preventative coding patterns into the development process to avoid similar attacks in the future.
Source: Thelastwatchdogs
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