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Two months after McConnell testified before the Senate, Booz Allen Hamilton landed a thirty-four-million-dollar cyber contract.
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Nearly all of the largest military companies — including Northrop Grumman, General Dynamics, Lockheed Martin and Raytheon — have major cyber contracts with the military and intelligence agencies.
However, few companies have been as successful as Booz Allen at landing government cyber contracts.
To position themselves for government cyber contracts, several companies have hired former government officials who once helped shape cybersecurity policy, creating a new revolving door.
Since 9/11, the intelligence and cyber-security contracting industries have exploded in size.
Jawahar Chatpar, the chairman and chief executive of Cyber Digital, said the contracts required major payments before any work begins and were secured by irrevocable letters of credit from several banks, including the Nigerian branch of Citibank.
Increasingly, big companies require small business owners including solo contractors to buy polices such as general liability, professional liability and cyber insurance to secure contracts.
The reason I wrote the study was because federal agencies seem to be manifesting some of the behaviors that could contribute to a cyber catastrophe in their contracting activity.
"Game-Theoretic Foundations for Cyber-(Physical) Insurance Contracts".
Game-Theoretic Foundations for Cyber-(Physical) Insurance Contracts, Talk or presentation, 25, January, 2017.
This will expose these firms to heightened risks of retaliation from regulatory harassment to contract discrimination to cyber-attacks.
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