COMMENTARY
What you need to know as DOJ steps up enforcement of cybersecurity protocols
Earlier this year, Bloomberg Government released its annual BGOV200 report, revealing that the U.S. federal government spent a record $682 billion on federal contracts during the latest fiscal year, the fifth straight year of increase. Information technology continued to be a key piece of the overall government spend, posting its largest year-over-year growth ever and accounting for over $76 billion.
As lucrative as these contracts are, however, new risks are emerging for contractors. Over the past decade cybersecurity has become a challenge that affects virtually every company, and as cybercriminals have become more sophisticated, the dangers they pose have escalated. For instance, late last year, cybercriminals perpetrated the elaborate Sunburst hack that exploited vulnerabilities in a software developer’s supply chain. The networks of the victim’s clients—hundreds of organizations around the world, including NATO, U.S. and UK government agencies,…
