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February 06, 2012
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Florida Asset Protection News

 

Critical Asset Identification Is Still Not Complete

In October 1998, a month before agencies’ initial CIP plans were due, CIAO issued its Vulnerability Assessment Framework. The framework was intended to provide detailed guidance to federal agencies on how to identify their critical infrastructures, identify interdependencies and vulnerabilities of those infrastructures, and provide the basis for developing remediation plans. However, CIAO officials concluded, on the basis of a review of agency CIP plans and subsequent discussions with agency officials, that agencies did not find the framework particularly helpful in carrying out agency planning efforts. Further, several agencies were unclear whether “critical” organizations, personnel, systems, and facilities to be identified using the framework referred only to those specific missions performed by the individual departments and agencies or more broadly to the performance of functions and missions by federal agencies on behalf of the nation.

On the basis of this review of the agencies’ initial plans, CIAO decided that the management of CIP programs required a new functional approach to defining and identifying critical assets and their dependencies, and it shifted the focus to identifying assets and dependencies that, under PDD 63, are deemed critical to the federal government’s carrying out its responsibilities for national security, maintaining the orderly functioning of the national economy, and ensuring the health and safety of Americans. To accomplish this goal and provide the agencies with additional guidance, in March 2000, CIAO began offering its Project Matrix methodology.

Project Matrix consisted of a three-step process in which each civilian federal agency identifies (1) its critical assets; (2) other federal government assets, systems, and networks upon which its critical assets depend to operate; and (3) all associated dependencies on private-sector owned and operated critical infrastructures.

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Did You Know?    
 
 
Conservation Easement is a legal agreement
A Conservation Easement is a legal agreement reached voluntarily between a landowner and a land trust that protects water quality, wildlife habitat, scenic vistas, agricultural productivity and other conservation values permanently restricts the use of property by current and future landowners keeps property in private hands. Donating some or all of the development rights to a qualified, tax-exempt organization like the Washtenaw Land Trust, and meeting other specific conditions, allows a landowner to be eligible for certain tax benefits.

 


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News about Asset Protection cases in Florida and nationwide:

iJET Debuts Worldcue®
Annapolis, Maryland - March 14, 2006 - iJET announced today at the ASIS International Emerging Trends in Security conference the general avail...
Read more >


Critical Asset Identification Is Still Not Complete
In October 1998, a month before agencies’ initial CIP plans were due, CIAO issued its Vulnerability Assessment Framework. The framework was intende...
Read more >


Department Licenses State's First Group Captive For Fourteen Of New York’s Major Financial Institutions
        Superintendent of Insurance Gregory V. Serio today announced that the State Insurance Department has lic...
Read more >


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Asset Protection Lawyers.com Terms

 


Today's Terms

Foreign Bank Accounts

Definition:
There is a thriving industry of offshore practitioners advising U.S. citizens to set up offshore bank accounts.

Testamentary trust

Definition:
A trust that is established by will. Compare to living trust.

Living trust

Definition:
A trust that is established while the grantor is still alive. Compare to testamentary trust.

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Asset Protection Resources

 


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Asset Protection Hot Topics

 
Topics Related to Asset Protection:

  • Trusts
  • Wills
  • Uniform Probate Code
  • Gift Tax
  • Dynasty Trust
  • Annuities

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Florida Asset-Protection Attorney

 
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  • Tampa
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  • Winter Park
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