While all companies should be concerned with their cybersecurity posture, companies in the ADG industry may be subject to greater risks because the industry is an attractive target for the intelligence and military arms of foreign governments, political actors of all sorts, and criminal enterprises. Continued reports of cyber compromise and new concerns about supply-chain security have caused the federal government to adopt numerous changes to cybersecurity rules and contractual requirements, which have rapidly increased the security demands on government contractors. Neither the government nor the private sector can protect systems and networks without extensive and close cooperation. Contractor noncompliance with applicable security requirements, or misrepresentations regarding a contractor's security posture, may result in government investigations, significant financial liability, and reputational harm. Therefore, it is critically important that ADG companies stay abreast of the latest safeguarding standards, contractual and regulatory requirements, and best cybersecurity practices.

Read More: ADG Insights: Cybersecurity and supply-chain developments and trends for companies that conduct business with the U.S. government

Authored by Michael J. Scheimer, Michael F. Mason, Stacy Hadeka, and Rebecca H. Umhofer