Which is considered an effective control for managing risks associated with software products?

Conducting periodic risk assessments on the product list is considered an effective control for managing risks associated with software products because it enables organizations to systematically evaluate and identify potential vulnerabilities across their software assets. These assessments help ensure that any emerging threats or weaknesses are detected early, allowing for timely remediation measures to be put in place. By regularly updating the risk profile of software products, organizations can align their security controls with the changing threat landscape and prioritize their resources effectively.

Risk assessments involve not just looking at known vulnerabilities, but also considering the business context, usage patterns, and potential impacts of issues should they arise. This holistic view is critical for effective risk management, ensuring that all aspects of software security are addressed, and appropriate controls are implemented to mitigate identified risks effectively. Additionally, these assessments can support compliance efforts and inform stakeholders about the current risk posture of the software products in use.