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President Biden Issues Executive Order to Overhaul Cyber and Software Supply Chain Security and Expand Incident Reporting for Contractors | Akin Gump Strauss Hauer & Feld LLP

Key Points On Wednesday, May 12, 2021, President Biden issued EO 14,028, “Improving the Nation’s Cybersecurity.” The EO sets out an ambitious schedule of reviews and rulemakings that portend significant changes in the software and cybersecurity industries, particularly for government contractors and cybersecurity and software solution providers. In the view of the administration, these changes should be regarded as the new normal of what will be considered “reasonable” cyber and supply chain security practices applicable to the government and potentially the private sector in other industries and sectors. Most importantly, the EO sets in motion a series of reviews and rulemakings around two initiatives that will directly affect certain government contractors and those who sell software and related services to U.S. federal agencies: enhancing and expanding cyber and supply chain incident reporting and threat information sharing (Section 2); and creating and enforcing softw

Executive Order on Improving US Cybersecurity

Advertisement Executive Order on Improving US Cybersecurity: An Ambitious and Timely Call for a Broad Range of Cybersecurity Improvements Monday, May 24, 2021 On May 12, 2021, President Biden issued an executive order entitled  Improving the Nation’s Cybersecurity (EO). The EO was released only days after the cyberattack impacting Colonial Pipeline, and several months following discovery of the penetration of various federal agencies as a result of the Solar Winds cyber breach by Russian hackers in 2019. The 34-page EO calls for broad and ambitious changes intended to improve Federal Information System cybersecurity, and the prevention, detection, assessment, and remediation of cyber incidents that pose a risk to national and economic security. Many of the changes contemplated by the EO could have significant impacts on contractors doing business the with federal government, and greatly increase their reporting responsibilities and cybersecurity obligations. This GT

President Biden s Recent Cybersecurity Executive Order Will Increase Compliance Obligations on the Private Sector | Blank Rome LLP

To embed, copy and paste the code into your website or blog: Companies providing information technology products and services to U.S. government agencies are now required to notify such agencies of cyber incidents and meet specific cybersecurity standards. The executive order attempts to modernize the federal government’s cybersecurity defenses by “protecting federal networks, improving information-sharing between the U.S. government and the private sector on cyber issues, and strengthening the [United States]’ ability to respond to incidents when they occur.” The executive order is just one example of the Biden administration’s push to improve the nation’s data privacy and cybersecurity practices in response to the recent series of ransomware attacks.

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