Updated: GSA's System for Award Management (SAM) Admits Security Vulnerability: Names, Taxpayer Identification Numbers (TINs) & Bank Information Potentially Compromised
Last night at 10:55PM eastern, users of the GSA's System for Award Management (SAM) were sent an email by Amanda Fredriksen, the Acting Assistant Commissioner of the Integrated Award Environment informing them of a severe security vulnerability of the system, including the potential breach of names, taxpayer ID numbers and bank information associated with their accounts.
The Election Over, All Attention Turns to Sequestration
On October 22nd, during the fourth and final Presidential debate, President Obama said confidently (emphasis added), "...the sequester is not something that I've proposed. It is something that Congress has proposed. It will not happen." That four word sentence was enough to perk the ears of every corner of Washington. Debate consumed the beltway over whether or not Obama could prevent sequestration and what affect the election might have on the sequestration process.
Well, now that we know the outcome of the election, all attention is focused on the fiscal cliff.
What is Sequestration and How Will it Impact Contractors?
By now, if you're involved in government contracting professionally you've heard about the automatic defense spending cuts that are looming on the horizon. The automatic cuts, known formally as "sequestration," will shuck $600 billion across-the-board from the Department of Defense (DoD) over 10 years.
Problems at DCAA Spell Pain for Contractors
For contractors, the audit process can be stressful, confusing and fraught with risk. Specifically, the often year-to-year changes in the practices and policies of the Defense Contract Audit Agency (DCAA) make it difficult for even seasoned contractors to keep up. The result is a cloud of uncertainty affecting contractors and lawmakers alike, with bitter disagreements over what makes for effective policy and big dollars at stake.
Exfed Aims to Change the Way Job Seekers with Govt Experience Find Private Sector Jobs
There is a new player in town in the growing market for services that help skilled professionals find jobs in the contracting industry. Led by a mother-daughter team, ExFed aims to disrupt the landscape, currently dominated by staffing firms, Deltek, and Indeed.com by being the first to present private-sector government contracting job listings, across firms, with a simple and elegant user interface on the web.

