The announcement by the Department of Justice DOJ of the Cyber Fraud Initiative strongly signals its intent to be aggressive in holding government contractors with lax cybersecurity standards and controls accountable.
The Department of Justice (“DOJ”) recently announced a new Civil Cyber-Fraud Initiative (the “Initiative”) that will use the False Claim Act (“FCA”) to pursue contractors and grant.
Akin Gump published a client alert on the Department of Justice announcing twin programs focusing on monitoring contractor cybersecurity, and combating cryptocurrency used for illicit purposes.
Key Points - On October 6, 2021, the DOJ announced two new initiatives: the Civil Cyber-Fraud Initiative and the National Cryptocurrency Enforcement Team. .