News

LexisNexis Risk Solutions Survey Uncovers Impacts of COVID-19 Pandemic on Financial Crime Compliance for Financial Institutions

LexisNexis Risk Solutions

Today, LexisNexis® Risk Solutions published an infographic summarizing the survey results of U.S. and Canadian compliance professionals on the range of challenges that financial institutions have experienced during the COVID-19 pandemic. The survey outlines the issues that many financial institutions encounter today and finds that the pandemic continues to test the resilience and agility of businesses across every market.

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DOD Secretary Nominee Gen. Lloyd Austin Talks Pandemic Response, Military Alliances at Senate Confirmation Hearing

Gen. Lloyd Austin

Lloyd Austin, a retired U.S. Army general and President Biden’s nominee for the defense secretary post, said his top priorities once confirmed would be to address the COVID-19 pandemic, counter extremism within the U.S. and reaffirm military alliances with countries in the Indo-Pacific amid China’s aggression. Gen. Austin expressed support to the Department of Defense’s proactive cybersecurity approach called “defend forward.”

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OFPP Chief Michael Wooten Issues Guidance for Agencies to Reduce Procurement Administrative Lead Time

Michael Wooten

Michael Wooten, administrator of the Office of Management and Budget’s (OMB) Office of Federal Procurement Policy (OFPP), has released a memo outlining frictionless acquisition strategies agencies can implement to reduce procurement administrative lead time (PALT). For the acquisition planning and presolicitation phase, OFPP cited the use of a facilitator to help the integrated program team develop performance work statements

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GAO: Program Delays Prevent DOD From Rolling Out Jam-Resistant GPS Tech

M-code

A Government Accountability Office (GAO) report has found that the Department of Defense (DOD) is yet to achieve widespread use of the “M-code” GPS technology due to limitations in satellite equipment to accommodate the jam-resistant capability. GAO said Tuesday that the DOD has seen delays in installing receiver equipment for satellites that will enable them to broadcast M-code signals.

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Katie Arrington: CMMC Seeks to Protect Companies Against Negligence

Katie Arrington

Katie Arrington, chief information security officer at the office of the assistant secretary of Defense for Acquisition and Sustainment and a 2020 Wash100 Award recipient, said the Cybersecurity Maturity Model Certification (CMMC) framework does not aim to punish companies for failing to anticipate cyber breaches like the SolarWinds hack but to protect them from negligence. 

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Commerce Department Imposes New Controls to Prevent US Citizens From Backing WMD, Foreign Military Intell Activities

Commerce Department

The Department of Commerce’s (DOC) bureau of industry and security has announced new controls to prevent U.S. individuals from supporting weapons of mass destruction programs and foreign military intelligence activities in Russia, China, Cuba, Venezuela and other terrorist-backing countries. The bureau is broadening the license requirements for exports to military intelligence end users in those countries. 

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DoD to Transition Oversight of Israel to U.S. Central Command

Israel

The Department of Defense (DoD) will transition oversight of Israel from U.S. European Command (EUCOM) to U.S. Central Command (Centcom) as part of a change to its unified command plan. The Pentagon said the U.S. considers Israel a strategic partner and expects the move to lead to more opportunities for cooperation with Centcom partners. 

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NASA Completes Green Run Test Series for Artemis Mission’s Engines; Jim Bridenstine Quoted

Jim Bridenstine

NASA, at Stennis Space Center, concluded green run tests of four RS-25 engines that would ignite for the Artemis program's first lunar mission. The space agency said Sunday it test-fired the engines of the Space Launch System on Saturday for the first mission under Artemis, a NASA-led effort to revive crewed space exploration.

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Navy Research Lab Rolling Out Simulation Engine for Nuclear Detection

Nuclear Detection

The U.S. Navy Research Laboratory has developed a new software suite that visualizes nuclear detection operations for modeling and simulation applications under entities like the Defense Threat Reduction Agency and the Department of Homeland Security. The Navy said Thursday the SoftWare for Optimization of Radiation Detectors 7 engine models nuclear fission scenarios and utilizes an interface for the design and optimization of radiation detectors.

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NHTSA Publishes Vehicle Cybersecurity Guidance Draft

Cybersecurity

The National Highway Traffic Safety Administration (NHTSA) is seeking inputs for an updated draft of a guidance document that aims to help the vehicle industry further enhance its cybersecurity. NHTSA aims to provide organizations with methods in gauging and responding to residual risks linked with cybersecurity concerns in motor vehicles.

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