FISMA information or modification, as well as systems supporting

FISMA is a law enacted by the federal bill
passed 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 the
national and economic security interests in the United States. The statute requires
every federal agency to develop, document and implement an agency-wide program
to offer information security for information systems and information that
support the assets and operations of the body. FISMA has resulted in attention
in the Federal government to cybersecurity and as well explicitly emphasizes on
”risk-based policy for cost-effective security.” FISMA requires chief
information officers, program officials as well as the inspector general to
perform annual reviews of the security information of the agency as well report
the outcome to the ”Office of Management and Budget” (OMB). In this case, OMB
will use the data to help in the oversight responsibilities as well prepare the
yearly report to Congress on agency compliance with the act.

FISMA aims to assign specific
responsibilities to federal agencies, OMB and NIST to make information security
systems strong. Therefore in this FISMA requires each agency’s heads to
implement procedures and policies to cost-effectively lower information technology
security risks to a level of acceptance (Buenger, 2015). In FISMA, the federal
agencies must periodically assess the magnitude and risk of harm that could
result from unauthorized use, disclosure, access, disruption destruction of
information or modification, as well as systems supporting their assets and
operations. Additionally, the A-123 circular utters that the management has a
responsibility to maintain and develop the internal control actions that
conform to exacting standards together with risk assessment. The implementation
of FISMA will affect quantification since it protects the information of
federal government to the national and economic interest of the country.
Against the Federal Computing environment’s complex web, FISMA provides agency-wide
internal controls for risk management and information security. If the
government fails to comply with FISMA, it can result in a lot of repercussions.
Firstly, confidential information will be exposed to hacker attacks which can
lead to massive financial losses on the government. Therefore there is the need
for FISMA compliance procedures. FISMA mandatory compliance extends to large
agencies including the department of justice, Homeland Security, educational
institution, organizations that receive federal funds and systems that
broadcast national owned data.

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