In response to increasing software supply chain attacks, an executive order from the White House mandates greater transparency in software components by requiring vendors to provide a Software Bill of Materials (SBOM). This requirement aims to enhance security by detailing the libraries and components within software applications, impacting companies engaged with the federal government. MongoDB hosted a panel discussion with cybersecurity experts, including Lena Smart, Dr. Allan Friedman, Clinton Herget, and Patrick Dwyer, exploring the implications of SBOMs for software security. The panel emphasized the necessity of integrating SBOMs into existing processes and highlighted their potential role in preventing vulnerabilities similar to past incidents like the Log4J and SolarWinds breaches. The discussion also touched upon the challenges of applying SBOMs to legacy systems and the evolving requirements for SBOMs under FedRAMP guidelines. The panelists concluded that the ultimate goal is to embed SBOMs naturally into the software development lifecycle, enhancing overall transparency and security within the industry.