By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered as follows: Section 1. Po
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The National Institute of Standards and Technology (NIST) has been an active driver of Internet of Things (IoT) cybersecurity efforts for several years, convening stakeholders from the federal government and the private sector to develop IoT risk management guidance. To date, NIST’s Cybersecurity for IoT Program has collaborated across the wide IoT ecosystem to develop seminal voluntary guidance, including an IoT Device Cybersecurity Capability Core Baseline, which defines a set of device cybersecurity capabilities for organizations to consider when managing IoT risk.
NIST’s important work in the IoT security space will continue in 2021. Recent developments – including the passage of the Internet of Things (IoT) Cybersecurity Improvement Act of 2020 (the IoT Cybersecurity Improvement Act) and a newly released slate of draft guidance documents – promise a busy year ahead for NIST, as well as multiple opportunities
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On December 23, 2020, the Department of Veterans Affairs (VA) issued a class deviation to implement the Small Business Administration’s (SBA) formulation of the limitations on subcontracting (LOS) and nonmanufacturer rule (NMR) for all VA contracts awarded to small businesses or under SBA socioeconomic programs. SBA’s formulation is outlined in its May 31, 2016, final rule. The VA’s class deviation follows the release of a Civilian Agency Acquisition Council (CAAC) letter, which authorized civilian agencies to issue such class deviations to promote regulatory conformity. The class deviation requires VA contracting officers to use specified alternate clauses in all set-aside procurements.
Purchase Agreement Components, Part 2: Indemnification Provisions, January 8, 2021, Frank Massaro
In an acquisition, particularly an equity acquisition, a buyer must perform extensive due diligence on the target company to understand, as thoroughly as possible, the risks associated with the acquisition. In most cases, however, the buyer cannot fully evaluate or even identify all sources of risk that it will assume post-closing. To address these uncertainties and allocate these potential risks, the buyer and seller negotiate indemnification provisions that set forth the scope of each party’s obligation to reimburse the other party for certain losses associated with the acquisition that may arise following closing.
As has been widely reported, the United States Federal Bureau of Investigation is warning of mass protests and potential violence accompanying the inauguration of President-Elect Joe.