TTI, Inc., Murray Slovick
A long timeframe for completing a government regulation to address a known problem is not unusual.
Back in 2011 the Senate Armed Services Committee initiated an
investigation into counterfeit electronic parts in the U.S. Department
of Defense (DoD) supply chain.
The National Law Review, Emily S. Theriault & David S. Gallacher
On August 2, 2016, the Department of Defense (“DOD”)
rolled out new requirements for defense contractors that provide
electronic parts and assemblies containing electronic parts, and with
the new rules imposing significant risks on DOD contractors.
Bank Info Security, Tracy Kitten
In May, 2014, Texas-based manufacturing firm AFGlobal Corp. was hit by a business email compromise attack that resulted in fraud losses of $480,000. AFGlobal subsequently filed a claim with its insurance company,
Federal Insurance Co., a division of Chubb Group.
Lexology, Dentons - Jessica C. Abrahams and Kevin J. Lombardo
On August 30, 2016, the DoD issued a final rule amending the DFARS to
implement §885(a) of the FY 2016 NDAA, which expands the safe harbor for
allowability of costs of counterfeit or suspect counterfeit electronic
parts and any related rework or corrective action.