Cyber-attacks are on the rise. Attacks are becoming more sophisticated putting organizations of all shapes and sizes at risk. It’s important that organizations learn all they can about the risks of cyber-attacks and how to avoid becoming a victim.
Several industries have implemented rules and regulations to help address the rise of cyber-attacks. These regulations aim to increase the security of electronic devices to prevent attackers from gaining access to sensitive information. This is especially important for organizations creating products for the defense and medical industries.
Companies that produce products for the military must take care to ensure that products comply with the International Trafficking in Arms Regulations (ITAR) and other compliance standards. Organizations that do not ensure compliance of all of the products and components face multi-million dollar fines and possible jail time.
Ensuring ITAR Compliance
Any company that manufactures, sells or distributes goods or services covered under the United States Munitions List (USML) must be registered with the State Department’s Directorate of Defense trade Controls (DDTC). These companies must understand and abide by the ITAR as it applies to their USML linked goods or services.
Unfortunately, many businesses fail to meet compliance with the ITAR. This is often due to the fact that ITAR is full of complications that make it easy for companies to make mistakes.
It’s important that organizations take the time necessary to ensure proper licensing of all of the products they produce. These organizations need to invest in training someone in-house to handle the complex compliance process.
Partnering With an Experienced Contract Manufacturer
Organizations that do not have the time, knowledge, or resources needed to ensure compliance can benefit from partnering with an experienced contract manufacturer.
Contract manufacturers understand complex regulation requirements. They have the people and processes in place to ensure compliance with a number of industry standards. Means Engineering has extensive experience designing and producing parts and products for the defense industry. Our team ensures compliance with ITAR and other industry regulations. This protects your company from costly fines, and protects users from cyber-attacks.