May 18, 2023
Sohini Roy
The Federal Information Security Management Act (FISMA) is a global standard designed to enhance the quality of financial services by ensuring the security of federal information. Adopted by multiple countries, including the U.S., FISMA focuses on confidentiality, integrity, and availability of federal data. It empowers the National Institute of Standards and Technology (NIST) to develop guidelines for information security and risk management.
Why Was FISMA Created?
FISMA was created to require U.S. federal agencies to build and implement complete information security plans, ensuring the protection of agency operations. It recognizes the critical importance of information security for the economic and national interests of the U.S.
What Are FISMA Compliance Requirements?
FISMA mandates a comprehensive approach to managing information security within federal agencies and contractors. Key compliance requirements include:
Maintaining an inventory of information systems.
Categorizing sensitive data based on security needs.
Implementing required security controls based on FIPS 200 and NIST guidelines.
Performing risk assessments and managing risks.
Conducting periodic security checks and recertifications.
Reviewing and updating security controls regularly.
Developing a System Security Plan (SSP).
About Genesis:
Genesis is a cyber risk management platform that integrates attack surface and third-party risk management. It helps businesses monitor cybersecurity posture, reduce attack surfaces, and prevent data breaches by providing actionable insights based on a comprehensive risk score. This proactive approach ensures organizations stay ahead of potential threats.
