- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-02-23T14:05:00
The announcement of a record year in several areas of False Claims Act enforcement at the Department of Justice (DOJ) was accompanied by a warning that more significant cases are coming, particularly regarding cybersecurity-related claims.
“[W]e will continue to dedicate resources to investigating companies that fail to comply with their cybersecurity obligations,” said Civil Division Principal Deputy Assistant Attorney General Brian Boynton in remarks delivered Thursday at a Federal Bar Association conference. “We expect these cases to continue to be a significant area of enforcement in the coming years.”
In 2021, the DOJ launched its Civil Cyber-Fraud Initiative, under which it seeks to hold accountable government contractors that fail to follow federal cybersecurity requirements. The initiative has been a driving force behind notable enforcement actions against companies including Verizon and Aerojet Rocketdyne.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
Guidehouse and Nan McKay and Associates will pay a total of $11.3 million to the Department of Justice (DOJ) to settle allegations that cybersecurity failures led to the theft of client personal information during the height of the COVID-19 pandemic.
Atlanta-based staffing agency Insight Global agreed to pay $2.7 million to settle alleged False Claims Act violations for failing to provide adequate cybersecurity on Covid-19 contract tracing data.
The Department of Justice’s Antitrust Division, the Federal Trade Commission, and the Department of Health and Human Services partnered to create an online portal for the public to report instances of anticompetitive practices in the healthcare sector.
A bank examiner and senior manager at the Federal Reserve Bank of Richmond pled guilty to insider trading after allegedly misappropriating confidential information on seven banks to make profitable trades.
New York-based investment firm Drexel Hamilton will pay more than $1.1 million in penalties, with four current and former employees paying fines as well over committing hundreds of violations of rules regarding the sale of municipal bonds.
A publicly traded cryptocurrency mining company will pay $10 million and completely change its business model to one with “lower corruption risk” as part of a settlement over violations of the Foreign Corrupt Practices Act (FCPA), two regulators announced.
