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Cyber Barbarians & Federal Data Breaches In 2006

Client Alert | 1 min read | 10.25.06

In 2006, the lost Veterans Affairs laptop compromising the personal information of 26.5 million veterans represented just one of the hordes of information security breaches that flooded federal agencies, triggering Congressional hearings, GAO and IG investigations, and new OMB information security standards for federal agencies and contractors alike. In his article "When Cyber Barbarians Storm the Security Walls: The Mounting Risks of Security Breaches to Federal Agencies & Contractors" published in the Federal Contracts Report on October 3, 2006 (http://www.crowell.com/pdf/Security-Breach_Bodenheimer.pdf), David Z. Bodenheimer identifies the evolving rules governing federal information security and explains how the escalating federal outsourcing trends mean greater opportunities for contractors in the IT and cybersecurity business, but also that such opportunities come with mounting risks of tougher Congressional scrutiny, federal enforcement actions, and third-party litigation.

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Client Alert | 3 min read | 04.26.24

CFIUS Proposes Enhanced Enforcement and Mitigation Rules and Steeper Penalties for Non-Compliance

On April 11, 2024, the Committee on Foreign Investment in the United States (“CFIUS” or the “Committee”) announced proposed amendments to its enforcement and mitigation regulations, marking the first substantive update to CFIUS’s mitigation and enforcement provisions since the enactment of the Foreign Investment Risk Review Modernization Act of 2018.  The Committee issued a notice of proposed rulemaking ("NPRM”) that would modify the regulations that apply to certain investments and acquisitions, as well as real estate transactions, by foreign persons as follows:...