BAE Systems has appointed David Chenkin and Matthew Smith to the steering committee of the company’s Intelligence Network, BAE Applied Intelligence reported on Monday. 

“David and Matthew bring robust expertise and knowledge to help mobilize a like-minded community of professionals and influencers to maximize the breadth of perspective and understanding of security challenges we currently face, “ said James Hatch, chair of The Intelligence Network and director of Cyber Services, BAE Systems Applied Intelligence.

Chenkin, managing partner of Zeichner Ellman and Krause (ZEK) and chair of the Anti-Money Laundering/Financial Crime and Government Investigations group, and Smith, executive director of the Coalition Against Insurance Fraud, will serve on the steering committee governing strategy, direction and operation of The Intelligence Network.

The Intelligence Network has outlined seven challenges within cyber security, such as cyber fraud. The Intelligence Network will work to vulnerability to cybercrime and fraud by combating endemic attacks, operating silos, the gap between cybercrime and fraud, and social engineering. 

Chenkin will bring nearly forty years experience representing major corporations and senior executives in civil, criminal, regulatory and compliance-related investigations initiated by the U.S. Congress, and federal, state and local prosecutors and regulators. 

“Having an initiative such as the Intelligence Network where we can bring like-minds together from every corner of the globe to combat malicious actors, is truly an honor to be a part of. It is an exciting time to be studying and putting together strategies to fight cybercrime and cyber fraud,” said Chenkin.

Smith has founded one of the nation’s leading law firms specializing in insurance fraud litigation. He spearheaded the use of data from cell towers in civil insurance fraud cases as well as popularized social media as a medium for evidence collection. In his current role, Smith focuses his efforts on anti-fraud government, regulatory and courtroom work with the Coalition. 

“The Intelligence Network has lofty goals. The mission here is to challenge the status quo and erect successful pathways forward to educate the masses, and eliminate bad actors from the digital world,” Smith stated. 

Chenkin and Smith will join security leaders and industry influencers from organizations such as Microsoft, Forgepoint Capital, Cylon, the CBI, RUSl, and Trafigura.

About BAE Systems Applied Intelligence

At BAE Systems Applied Intelligence, we help nations, governments and businesses around the world defend themselves against cybercrime, reduce their risk in the connected world, comply with regulation, and transform their operations.

SimVentions has announced that the company completed the transfer of its ownership from existing shareholders to an Employee Stock Ownership Plan (ESOP), SimVentions reported on Friday.

“The plan has several objectives,” said Larry Root, CEO of SimVentions. “First, to provide ownership of the company to those that build and execute the work of the company; second, to provide a significant retirement benefit and a reason to want to make the company more successful; third, to provide a tool to motivate, retain, and attract employees; and finally, to create a market for the transition of equity from the current shareholders without a sale to outside interests.”

Root added that the plan will increase employee incentives and provide long-term retirement benefits. The ESOP will make the company’s employees as owners of stock in SimVentions. The ESOP shares will be allocated over time to employee ESOP participant accounts in accordance with the SimVentions ESOP Plan and related IRS and Department of Labor regulations. 

Completion of the ESOP transaction was accompanied by a re-purchase of stock from minority shareholders and purchase by the ESOP of the remaining stock from the existing majority shareholders, a transaction that resulted in the SimVentions ESOP owning 100 percent of the company. 

About SimVentions, Inc. 

SimVentions’ corporate office is located at 100 Riverside Pkwy, Suite 123, in Fredericksburg, Virginia, 22406 and offers engineering and technology solutions to the Department of Defense, including the Navy, Army, Air Force, and Marine Corps. SimVentions is always looking for qualified candidates across all disciplines to work in the Fredericksburg, VA; Dahlgren, VA; Washington, D.C.; Charleston, SC; and Virginia Beach, VA areas.

InfiniSource Consulting Solutions (ICS) has selected BayFirst Solutions as a subcontractor to provide professional services that support the Department of Transportation (DoT) Pipeline and Hazardous Materials Safety Administration (PHMSA), BayFirst reported on Monday.

“Our teams are well acquainted with the nuances of PHMSA’s jurisdiction and the complexities of its mission to protect the American public through safe transport of the materials we use in our everyday lives. We bring to this new partnership a record of quality service and the kinds of innovative solutions that are the hallmark of BayFirst’s work with the Department of Transportation,” said BayFirst CEO Kevin Gooch.

PHMSA is the DOT Operating Administration (OA) responsible for the regulation of hazardous materials transportation by highway, rail, air, water and pipeline as set forth in Federal Hazardous Materials Transportation and Pipeline Safety Law.

“Our past successes supporting the work of the Department of Transportation generally, and pipeline and hazardous materials safety specifically, have prepared us to enter this new and promising contracting relationship with InfiniSource Consulting Solutions,” added Gooch.

As a subcontractor, BayFirst will provide program support to ICS, including analyzing program needs, assessing program performance and objectives, executing on program mission tasks, and managing projects.

BayFirst’s expertise will support Western Regional Office; Office of Chief Counsel; Standards and Rulemaking/International Standards; Sciences, Engineering, and Research for Hazardous Materials/Outreach, Engagement, and Grants; and Emergency Support and Security.

“The interconnected global threats that complicate mission success for safe pipeline and hazardous materials transportation management present both a tremendous challenge and opportunity for BayFirst Solutions,” Gooch added. “We are excited to join the team working with InfiniSource to strengthen this critical front in our nation’s vital defenses.”

About BayFirst

Founded in 2002 and headquartered in Washington, DC, BayFirst has an award-winning history supporting our clients’ missions with innovative solutions and exceptional service. Our specialists in science, IT, engineering, and project management bring disciplined leadership, technical expertise, operational knowledge, and seasoned judgment to every project.