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Navy Identifies Defense Industrial Base Cyber Shortcomings in New Report

Client Alert | 1 min read | 03.22.19

The Navy has released its Cybersecurity Readiness Review, drafted at the Secretary’s request, in response to recent losses of classified and unclassified data. The Review calls attention to the contracting community’s key role in safeguarding critical government data – and the perceived shortcomings of the current acquisition system in achieving that end. Despite mandatory contract requirements such as DFARS 252.204-7012, the Review notes that the Defense Industrial Base (DIB) has experienced “a flood of breaches” and “continues to hemorrhage critical data.” In response, the Review recommends:

  • Holding individuals personally accountable for achieving mandated standards.
  • Ensuring the supply chain is “delivered uncompromised” for mission readiness.
  • Creating cybersecurity “go/no-go” criteria for capabilities.
  • Expanding information sharing with DIB partners to better identify risks and priorities.
  • Working with industry trade groups to assist subcontractors in improving cyber defenses.

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Client Alert | 6 min read | 03.18.26

CFTC Takes Additional Steps Toward Prediction Market Regulation: What You Need to Know

On March 12, 2026, the U.S. Commodity Futures Trading Commission (CFTC) took formal steps toward establishing additional regulations for prediction markets. The agency issued an Advanced Notice of Proposed Rulemaking (ANPRM) soliciting public input on potential new rules, and separately, released staff guidance outlining its views on how existing rules apply to prediction market platforms currently in operation. These developments signal a significant shift in the regulatory landscape for an industry that has grown rapidly over the past year....