Tag Archives: cybersecurity

Federal agencies must update cybersecurity controls to achieve a zero trust architecture

On January 26, 2022, the U.S. Office of Management and Budget (OMB) published Memorandum M-22-09, “Moving the U.S. Government Toward Zero Trust Cybersecurity Principles” (the ZTA Memorandum), which requires federal agencies to take a hard look at their cybersecurity controls, and invest in and implement new measures to better protect the government’s networks, systems, and … Continue Reading

DOJ announces Civil Cyber-Fraud Initiative with significant implications for government contractors

Consistent with the Biden Administration’s keen focus on improving the nation’s cybersecurity, as articulated in Executive Order 14028 and discussed in greater detail here, the Department of Justice (DOJ) formally announced the launch of its new Civil Cyber-Fraud Initiative (Initiative) on October 6, 2021. The Initiative will “combine the department’s expertise in civil fraud enforcement, … Continue Reading

Cryptocurrency and digital asset fraud in the Asia-Pacific – how can you mitigate the risk? 

The Asia-Pacific region has a flourishing cryptocurrency and digital-asset ecosystem, but despite comprehensive regulatory frameworks, fraudulent actors continue to exploit cybersecurity and control weaknesses making it vital that businesses have fraud mitigation measures in place. In our recent client alert, we take a detailed look at crypto and digital asset fraud in the region, provide … Continue Reading

8 key considerations when handing data privacy risks in Asia-Pacific corporate investigations

Investigations can be fraught with a range of data privacy issues; addressing these issues quickly is critical if there is a possibility of implicated individuals tampering with electronic evidence, and companies can expect serious ramifications if data protection and privacy laws are found to have been breached. In our latest client alert, we provide an … Continue Reading

Riding the cybersecurity compliance wave: How defense contractors can navigate the rising tide of cybersecurity regulations

Cybersecurity attacks targeting government information have drastically increased, and both the federal government and private industry have struggled to implement effective means of protecting this information. Federal agencies continue to strive for a unified approach to protect critical data; however, the various regulations leave contractors without a clear set of requirements that are applicable to … Continue Reading

Recent SEC report on cybersecurity preparedness and response serves as warning of future enforcement

The U.S. Securities and Exchange Commission (“SEC”) recently provided issuers with a reminder of the potential for enforcement for insufficient cybersecurity. The SEC continues to emphasize the importance of measures such as up-to-date compliance and incident response programs in order to maintain the integrity of the capital market system, and a recent Report of Investigation … Continue Reading

Proposed Internet of Things Cybersecurity Bill May Create Hurdles for Government Contractors

The federal government dramatically has increased its spending in recent years on Internet of Things (“IoT”) devices, including biosensors that can gather medical and security data from soldiers and vehicles in the field; smart-building applications that reduce energy (such as desks that automatically power on when an employee scans his or her identification badge upon … Continue Reading

Modernizing Government Technology Act Passes House, Moves to Senate

The revised Modernizing Government Technology Act (HR 2227) passed the House by voice vote May 17. Identical legislation already has been introduced in the Senate by Sens. Gerry Moran (R-Kan.) and Tom Udall (D-N.M.), and with strong bipartisan and industry support, the bill is expected to advance to the president in upcoming weeks. As Reed … Continue Reading

Reed Smith’s Government Contracts Weekly Rundown

In case you spent last week (this morning) dealing with winter weather instead of reading the latest and greatest in the realm on federal contracting, here is a rundown of last week’s top developments related to government contracts, to get you back on track and ready for Monday. 1. Senate Passes “Clean” Spending Bill To … Continue Reading

Defense Contractors Are Now Subject to Notice Requirements for Hacked Systems

This post was written by Gunjan Talati and Timothy Nagle. The 2013 National Defense Authorization Act (“NDAA”) became the law of the land in early January. This NDAA contains a notice requirement that follows the government trend of the past few years of being required to tattle on yourself. Specifically, the NDAA directs the Department … Continue Reading
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