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The past few years have highlighted serious deficiencies in prevalent supplychain strategies and the major risk that disruptions pose to corporate success. years and companies can expect to lose 42% of one year’s EBITDA every decade due to supplychain disruptions. Has past performance exceeded a threshold?
I think we recently saw an article that we crossed $100 billion a year market share threshold, which was somewhat unheard of just even a few years ago, but it’s all due to an unknown. New products and capabilities are coming to market like AI and machine learning, and we also have new risks that are emerging.
A checklist guide to getting the most out of your supplier riskmanagement program. This reliance can increase supplier risk or uncover a large source of value and supplier innovation for organizations. . The following are some of the most common objectives for implementing a supplier risk and performance management program. .
Williams, and Mickey Liebner; Mayer Brown Bipartisan, bicameral legislation in the US Congress would mandate the use of the National Institute of Standards and Technology’s (“NIST”) Artificial Intelligence RiskManagement Framework (“Framework”) by federal agencies.
Williams, and Mickey Liebner; Mayer Brown Bipartisan, bicameral legislation in the US Congress would mandate the use of the National Institute of Standards and Technology’s (“NIST”) Artificial Intelligence RiskManagement Framework (“Framework”) by federal agencies.
This month, CISA extended the charter through 2026 for the Information and Communications Technology SupplyChainRiskManagement Task Force. The ICT Task Force has developed guidance around hardware bills of material and other supplychain issues. OMB said the new policy goes into affect on March 17. (
We remain committed to this mission at the upcoming Spring Training Conference, ensuring that attendees leave with comprehensive updates on acquisition policies, programs, and initiatives in subjects like artificial intelligence (AI), cybersecurity, the medical supplychain, and much more. We look forward to seeing you in May!
For bulk sensitive personal data, there is a yet-to-be-determined volume threshold that must be involved in the transaction for it to be covered. Suggested thresholds in the ANPRM range from data sets on 100 U.S. Government-related data, there is no threshold requirement and the data categories will be covered regardless of volume.
Ascend will include recently updated standards on supplychainriskmanagement (SCRM) and cyber SCRM (C-SCRM). FinOps: At first, contractors were required to monitor and automatically suspend cloud services when consumption reached certain thresholds. The contractor must also notify the eligible users.
The document, officially titled “Incident Response Recommendations and Considerations for Cybersecurity RiskManagement: A CSF 2.0 The new draft guidance also shifts the focus away from “detecting, analyzing, prioritizing, and handling incidents” to incorporating incident response into overall cybersecurity riskmanagement activities.
The priority areas are: Asset Management Vulnerability Management Defensible Architecture Cyber SupplyChainRiskManagement (C-SCRM) Incident Detection & Response Each priority area includes further alignment goals to address these variations. The CMMC 2.0
A sole source purchase is justified when unique attributes or circumstances dictate that only one provider is capable of supplying the desired goods or services. For procurements exceeding specified thresholds, justification must document the effort to find alternative suppliers, listing unique technical requirements and companies contacted.
GSA Requesting Feedback on Draft SupplyChainRiskManagement Questionnaire The General Services Administration’s (GSA) Office of Information Technology Category has developed a supplier assurance questionnaire to gather information regarding cybersecurity supplychainriskmanagement (C-SCRM).
There is no exception for contracts below the simplified acquisition threshold, for commercial products and services, or for commercially available off-the-shelf (COTS) products. The new FAR provisions are to be included in all solicitations and contracts. There is a separate open FAR case (No.
There is no exception for contracts below the simplified acquisition threshold, for commercial products and services, or for commercially available off-the-shelf (COTS) products. The new FAR provisions are to be included in all solicitations and contracts. There is a separate open FAR case (No.
Seeking Member Feedback on GSA C-SCRM Questionnaire GSA’s Federal Acquisition Service is developing a voluntary Cyber SupplyChainRiskManagement (C-SCRM) Assurance Questionnaire for information and communications technology vendors. Per the memo, in FY22, Federal agencies awarded SDBs a record-breaking $69.9
Office of Management and Budget (“OMB”) Releases Implementation Guidance Following President Biden’s AI Executive Order On November 1, 2023, OMB released draft guidance on Advancing Governance, Innovation, and RiskManagement for Agency Use of Artificial Intelligence.
As CISA has noted , [an SBOM] has emerged as a key building block in software security and software supplychainriskmanagement. SBOMs are defined by CISA as a formal record containing the details and supplychain relationships of various components used in building software.
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