Aliya Sternstein writes failure to comply with the new regulation could result in a termination of the company’s contract with its customer.
Contractors must report on which contract is impacted, location of the compromise and description of the incident, according to the report.
Robert Nichols, co-chair of Covington & Burling‘s government contracts practice, told an industry event that vendors could “face potential false claims liability if they are putting in invoices, saying, impliedly âWe are complying with these standards,â but they are really not,” Nextgov reports.