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New Federal Cyber Regulations to Impact Defense Contractors

New regulations with the acronym DFARS are in effect now for defense contractors, even though there is no regulatory body and no enforcement procedures have been developed yet. That is likely to change soon, members of the Cyber Liability Practice Group said at their recent teleconference.

DFARS, which stands for Defense Federal Acquisition Regulation Supplement, gives 110 guidelines in NIST Special Publication 800-171. Defense contractors have been told that their contracts may be at risk unless they comply with the regulations that went into effect Dec. 31, 2017.

Some assistance is available from the Manufacturing Enterprise Partnership, a national network for manufacturers with chapters in all 50 states.

Top Cyber Carriers for RPNI Members

The group also discussed cyber carriers, including the recently formed Coalition, with which members have had good experiences.

Top carriers for placements by RiskProNet members include

  • AIG
  • AXIS
  • Beazley
  • CFC Underwriting
  • Chubb
  • CNA
  • St. Johns
  • The Hartford
  • Travelers

Coalition, formed a little less than a year ago, consists of executives with both cyber experience and federal government experience. “They’re a good combination of technical expertise plus insurance knowledge,” one member said.

Members also discussed forming a committee to work with carriers to develop policies that respond to current needs in the market.

Current Security Threats

A brief discussion of the current security threats, Spectre and Meltdown, also was on the agenda. They can impact processors designed by Intel, AMD and ARM – or virtually every computer, smartphone, tablet and PC. One researcher told The Guardian that Meltdown is “probably one of the worst CPU bugs every found.”



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