Almost a decade after the Department of Defense developed rules requiring mandatory reporting of cyber incidents, on October 3, 2023, the Federal Acquisition Regulation (FAR).
Privacy and data security issues can scuttle a deal or at least cost the parties a lot of money. For example, in the due diligence process involving the 2017 acquisition of Yahoo by Verizon, Yahoo disclosed two serious data breaches that compromised over a billion accounts.
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The Department of Homeland Security (DHS) recently released a final rule (Final Rule), effective July 21, 2023, updating the Homeland Security Acquisition Regulation (HSAR) to include.