Technology

David McKeown: DOD Eyes Creation of Zero-Trust-Focused Portfolio Office

David McKeown

David McKeown, the Department of Defense's (DOD) equivalent of a chief information security officer, said DOD is looking to establish a portfolio management office that specializes in zero-trust cybersecurity. The office's creation would help DOD centralize and manage efforts to implement a zero-trust architecture, which strictly imposes requirements before one is able to access the defense network.

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DOE to Allot $162M for Land Vehicle Electrification; Jennifer Granholm Quoted

Jennifer Granholm

The Department of Energy (DOE) will invest $162 million in a pair of new funding opportunities that aim to reduce the carbon emissions of everyday land vehicles. DOE said Thursday it will finance two initiatives that aim to develop electric vehicles, corresponding infrastructure and low-emission technologies for on- and off-road vehicles.

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Booz Allen Hamilton to Host Conference Call to Discuss Fourth Quarter and Full Year Fiscal 2021 Results

Booz Allen Hamilton Holding Corporation (NYSE: BAH), the parent company of management and technology consulting firm Booz Allen Hamilton, will host a conference call at 8 a.m. EDT on Friday, May 21, 2021, to discuss the financial results for the Fourth Quarter and Full Year of Fiscal 2021 (ending March 31, 2021). 

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NSA, CISA, FBI Warn of Potential Network Vulnerability Exploits by Russian Agency

NSA-CISA-FBI

The Cybersecurity and Infrastructure Security Agency (CISA), FBI and the National Security Agency (NSA) have issued a joint advisory after authorities determined that Russian Foreign Intelligence Service actors are using five network vulnerabilities to potentially infiltrate U.S. and allied government systems. Cybersecurity professionals should conduct network checks to identify indicators of compromise and implement measures to defend against SVR exploitations.

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FCC Wants Advisory Panel to Focus on 5G Network Security; Jessica Rosenworcel Quoted

Jessica Rosenworcel

The Federal Communications Commission (FCC) will reestablish a federal advisory committee by the end of June 2021 that will focus on improving the security of 5G networks. The Communications Security, Realibility and Interoperability Council will also review vulnerabilities related to software and cloud services and come up with mitigation strategies.

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Avril Haines Testifies at Senate Hearing on Threats Linked to Chinese Tech, Investments

Avril Haines

Avril Haines, director of national intelligence and a 2021 Wash100 Award winner, and other U.S. intelligence leaders appeared Wednesday before the Senate Intelligence Committee to discuss the threats posed by China to the U.S. “Many countries are starting to do CFIUS-like processes. It’s another reason for why our counterparts are talking to us,” Haines told lawmakers.

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DOL Issues Cybersecurity Guidance on Protecting Retirement Plan Assets; Ali Khawar Quoted

Department of Labor

The Department of Labor (DOL) has released new guidelines on ensuring the cybersecurity of systems that are key to protecting $9.3 trillion in retirement benefits for over 34 million participants in contribution plans. DOL said Wednesday that the Employee Benefits Security Administration‘s (EBSA) guidance includes cybersecurity best practices and is geared toward plan sponsors and fiduciaries, participants and record keepers.

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VMware and Dell Technologies Announce Spin-Off Agreement; Zane Rowe Quoted

VMware

The VMware Special Committee of independent directors and Dell Technologies announced that they have agreed to terms for VMware to be spun-off from Dell Technologies on Wednesday. The terms will simplify the corporate structure and include an $11.5-12.5 billion special cash dividend declared by the VMware Board to all VMware stockholders just before the spin-off and subject to all closing conditions' satisfaction. 

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