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A document to read on Sunday with your croissants and coffee, the SECs 2020 FISMA report. Why? It evaluates the SEC’s implementation with guidance by the OMB, DHS and NIST of FISMA, focusing on a range of NIST standards including SP 800-53 cyber security, SP 800-161 Supply Chain Risk and SP 800-34 Contingency planning.
It’s not about ‘what’, it’s about ‘who’. The SEC is responsible for oversight and assurance of US stock markets and FISMA is the Federal framework to ensure the effectiveness of security controls over information resources. Evaluating compliance under Federal law, it sends a strong message to the markets. It gives the SEC first hand knowledge and experience of the implementation requirements.
Combined with the American Institute of Certified Public Accountants (AICPA), Systems and Organisations Controls (SOC) attesting to the effectiveness of organisations controls, amongst other things to supply chain and cyber risk. It creates a powerful tool for oversight and assurance of supply chain and cyber risks across public and private enterprise.
#cyberrisk #insurance #supplychain #cybersecurity #security #legalcompliance #cyber #supplychainsecurity #financialreporting #defenceindustry #financialrisk #federal #supplychainriskmanagement
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