Should the Private Sector and Prime Contractors Adhere to the Federal FASC and FedRAMP Regulations?

Abstract

This article argues that it is in the best interest of private sector organizations and prime contractors to adhere to the Federal Acquisition Supply Chain Security (FASC) and the Federal Risk and Authorization Management Program (FedRAMP) regulations. The paper opines that an organization should follow a supply chain security program, whether from the federal government or otherwise, because such obedience tends to reduce the risk of loss from various factors, including cybercrime. In the modern world, where cyber-attacks from threat actors are common, and the illicit profits gained from such activities can be huge, devotion to a supply chain risk management program is paramount. Thus, loyalty to a supply chain risk mitigation program is critical.