FISMA E-government Act Title 3 (Buenger, 2015).

FISMA is a law enacted by the federal billpassed in the year 2002 in the form of 2002 E-government Act Title 3 (Buenger,2015). The act recognizes the significance of information security of thenational and economic security interests in the United States. The statute requiresevery federal agency to develop, document and implement an agency-wide programto offer information security for information systems and information thatsupport the assets and operations of the body.

FISMA has resulted in attentionin the Federal government to cybersecurity and as well explicitly emphasizes on”risk-based policy for cost-effective security.” FISMA requires chiefinformation officers, program officials as well as the inspector general toperform annual reviews of the security information of the agency as well reportthe outcome to the ”Office of Management and Budget” (OMB). In this case, OMBwill use the data to help in the oversight responsibilities as well prepare theyearly report to Congress on agency compliance with the act.

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FISMA aims to assign specificresponsibilities to federal agencies, OMB and NIST to make information securitysystems strong. Therefore in this FISMA requires each agency’s heads toimplement procedures and policies to cost-effectively lower information technologysecurity risks to a level of acceptance (Buenger, 2015). In FISMA, the federalagencies must periodically assess the magnitude and risk of harm that couldresult from unauthorized use, disclosure, access, disruption destruction ofinformation or modification, as well as systems supporting their assets andoperations. Additionally, the A-123 circular utters that the management has aresponsibility to maintain and develop the internal control actions thatconform to exacting standards together with risk assessment. The implementationof FISMA will affect quantification since it protects the information offederal government to the national and economic interest of the country.Against the Federal Computing environment’s complex web, FISMA provides agency-wideinternal controls for risk management and information security.

If thegovernment fails to comply with FISMA, it can result in a lot of repercussions.Firstly, confidential information will be exposed to hacker attacks which canlead to massive financial losses on the government. Therefore there is the needfor FISMA compliance procedures. FISMA mandatory compliance extends to largeagencies including the department of justice, Homeland Security, educationalinstitution, organizations that receive federal funds and systems thatbroadcast national owned data.

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