What is the purpose of the federal information security Management Act?

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FISMA requires federal agencies to implement a mandatory set of processes and system controls designed to ensure the confidentiality, integrity, and availability of system-related information.

What is the purpose of information security management?

The goal of information security management is to anticipate and mitigate vulnerabilities in your information systems and processes. This serves the purpose of minimising your exposure to cyber-attacks, data breaches, and other security threats.

What does the Federal Information Security Management Act require quizlet?

FISMA requires the Department of Commerce to create information security standards and guidelines. To which of the following organizations did the Department of Commerce delegate this responsibility?

What standard for information security includes specific requirements that apply to federal agencies in the United States?

Definition of FISMA Compliance

The Federal Information Security Management Act (FISMA) is a United States federal law passed in 2002 that made it a requirement for federal agencies to develop, document, and implement an information security and protection program.

Who has to comply with FISMA?

Now, any private sector company that has a contractual relationship with the government, whether to provide services, support a federal program, or receive grant money, must comply with FISMA.

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What are the benefits of an information security management system?

The key benefits of implementing an ISMS

  • Secures your information in all its forms.
  • Provides a centrally managed framework.
  • Helps respond to evolving security threats.
  • Protects confidentiality, availability and integrity of data.

What type of organizations are required to comply with the Sarbanes Oxley SOX Act?

What type of organizations are required to comply with the Sarbanes-Oxley (SOX) Act? Explanation: The main goal of SOX is to protect investors from financial fraud. SOX supplements other federal securities laws. It applies to publicly traded companies that must register with the Securities and Exchange Commission.

What federal government agency is charged with the responsibility of creating information security standards?

Special Publications (SPs) are standards created by the National Institute of Standards and Technology (NIST).

What represents the greatest threat to federal information systems?

The greatest threats to federal information systems are internal – from people who have working knowledge of and access to their organization’s computer resources.

What does FISMA compliance mean?

The Federal Information Security Management Act (FISMA) is United States legislation that defines a framework of guidelines and security standards to protect government information and operations.

Which of the following are objectives of information security management?

These objectives are confidentiality, integrity, availability, non-repudiation, authentication, and accountability.

What should be included in information security management?

The following list offers some important considerations when developing an information security policy.

  • Purpose.
  • Audience.
  • Information security objectives.
  • Authority and access control policy.
  • Data classification.
  • Data support and operations.
  • Security awareness and behavior.
  • Encryption policy.

What is the most important responsibility of the IT security person?

Roles of the Cyber Security Professional

At a mile-high level, cybersecurity professionals are responsible for protecting IT infrastructure, edge devices, networks, and data. More granularly, they are responsible for preventing data breaches and monitoring and reacting to attacks.

What are the main provisions of the Sarbanes-Oxley Act?

SOX requires corporate executives to certify the accuracy of their company’s financial statements; maintain and assess internal controls to prevent wrong, misleading, or fraudulent financial data; and imposes criminal penalties for misleading shareholders and altering documents to impede an investigation.

What are the key features of the Sarbanes-Oxley Act?

It created the Public Company Accounting Oversight Board to oversee the accounting industry. 1 It banned company loans to executives and gave job protection to whistleblowers. 2 The Act strengthens the independence and financial literacy of corporate boards.

Who is accountable for information security within an organization?

The obvious and rather short answer is: everyone is responsible for the information security of your organisation.

Does Glba apply to me?

Does GLBA Apply to Me? GLBA applies to any financial institution. The act defines a financial institution as any organization that is “significantly engaged” in providing financial products or services. If your organization is a bank, mortgage broker, real estate firm, or insurance firm, GLBA applies to you.

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What is FIPS approved encryption?

FIPS accreditation validates that an encryption solution meets a specific set of requirements designed to protect the cryptographic module from being cracked, altered, or otherwise tampered with.

What are security and privacy controls?

Definition(s): See security control and privacy control. See security control or privacy control. The means of managing risk, including policies, procedures, guidelines, practices, or organizational structures, which can be of an administrative, technical, management, or legal nature.

What are examples of malicious code?

Taking advantage of common system vulnerabilities, malicious code examples include computer viruses, worms, Trojan horses, logic bombs, spyware, adware, and backdoor programs. Visiting infected websites or clicking on a bad email link or attachment are ways for malicious code to sneak its way into a system.

Is the government responsible for cybersecurity?

In the United States, aspects of cybersecurity are the responsibilities of multiple government agencies, including the SEC. Cybersecurity is also a responsibility of every market participant.

Which action requires an organization to carry out a privacy impact?

The e-Government Act of 2002 requires agencies to conduct a Privacy Impact Assessment. A PIA is a decision tool used to identify and mitigate privacy risks that notifies the public: What personally identifiable information (PII) is collected.

What is the difference between FISMA and FedRAMP?

FedRAMP is a security certification for CSPs that provide cloud services to federal agencies. FISMA is a related certification that requires federal agencies and contractors to meet information security standards.

Who is FISMA applicable to?

FISMA compliance applies to all government agencies with no exceptions. It requires all federal agencies to ensure the security and safety of all agency information. It also applies to government contractors and any third-party vendors that are used to support agency operations.

Who has to follow FISMA?

System Security Plan: FISMA makes it compulsory for all businesses to have a well-defined security plan that is regularly updated as per requirement. Security Controls: NIST 800-53 has 20 security control measures pre-defined that each agency must implement.

What is security management and why IT is important?

Security management covers all aspects of protecting an organization’s assets – including computers, people, buildings, and other assets – against risk.

What are the benefits of an information security management system?

The key benefits of implementing an ISMS

  • Secures your information in all its forms.
  • Provides a centrally managed framework.
  • Helps respond to evolving security threats.
  • Protects confidentiality, availability and integrity of data.

What are the 5 principles of information security management?

CIA: Information Security’s Fundamental Principles

  • Confidentiality. Confidentiality determines the secrecy of the information asset.
  • Integrity.
  • Availability.
  • Passwords.
  • Keystroke Monitoring.
  • Protecting Audit Data.

What are the 3 basic security requirements?


Regardless of security policy goals, one cannot completely ignore any of the three major requirements—confidentiality, integrity, and availability—which support one another. For example, confidentiality is needed to protect passwords.

Why was the Sarbanes-Oxley Act was developed and enacted?

The Sarbanes-Oxley Act of 2002 was passed by Congress in response to widespread corporate fraud and failures. The act implemented new rules for corporations, such as setting new auditor standards to reduce conflicts of interest and transferring responsibility for the complete and accurate handling of financial reports.

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Why SOX compliance is required?

Why Is SOX Compliance So Important? In the simplest analysis, SOX compliance is important because it’s the law. Public companies have no choice except to comply with all relevant sections. Non-compliance is illegal, and can lead to substantial fines and penalties for both the company and its individual leaders alike.

Who is legally responsible for personal data or company data?

21. Principle of Accountability. – Each personal information controller is responsible for personal information under its control or custody, including information that have been transferred to a third party for processing, whether domestically or internationally, subject to cross-border arrangement and cooperation.

Who is ultimately responsible for managing information security risks?

The short answer in our view is ‘ everybody ‘. In a well-implemented Information Risk Management system, everyone has responsibility to ensure this is applied and effective: from IT to HR, from finance to individual business managers and staff on the ground.

What data elements does GLBA protect?

This rule covers most personal information (name, date of birth, Social Security number, etc.) as well as transactional data (card, bank account numbers). It also covers private information you may acquire during a transaction (a credit report, for instance).

Who is exempt from GLBA?

The Gramm–Leach–Bliley Act (GLBA) and its implementing regulations impose privacy requirements when financial institutions collect “nonpublic personal information about individuals who obtain financial products or services primarily for personal, family, or household purposes.”[1] GLBA does not apply, however, when a …

What is the benefit expected from FedRAMP initiative?

FedRAMP helps with IT modernization:

FedRAMP enables agencies to rapidly adapt from old, insecure legacy IT to mission-enabling, secure and cost-effective cloud-based IT. It created and manages a core set of processes to ensure effective, repeatable cloud security for the government.

What are the FedRAMP controls?

The FedRAMP requirements and controls span across the following domains:

  • Access Control.
  • Awareness and Training.
  • Audit and Accountability.
  • Security Assessment and Authorization.
  • Configuration Management.
  • Contingency Planning.
  • Identification and Authentication.
  • Incident Response.

What does enable FIPS mean?

Enabling FIPS mode makes Windows and its subsystems use only FIPS-validated cryptographic algorithms. An example is Schannel, which is the system component that provides SSL and TLS to applications. When FIPS mode is enabled, Schannel disallows SSL 2.0 and 3.0, protocols that fall short of the FIPS standards.

How do you become FIPS compliant?

For a security system to become FIPS validated or certified, an NIST-approved lab tests its hardware and software. Then the lab determines if the system meets the high security standards of FIPS. This validation process usually takes six to nine months.