The IT Governance, Risk and Compliance Challenge for Federal Agencies

Government institutions have some of the most regulated and audited environments of any industry segment. With the passing of Federal Information Security Management Act (FISMA) in 2002, federal agencies are required to employ controls to protect the confidentiality, availability and integrity of information. In addition to FISMA, regular audits are conducted by the General Accounting Office (GAO). Guidance published by the National Institute of Standards and Technology (NIST) provides information on controls and practices expected within federal institutions.

Costs associated with demonstrating compliance to these requirements can be substantial and federal agencies must reduce these costs and transition the compliance effort more efficiently. The identification and definition of controls can be a very expensive task in many organizations. The source of these regulations is centered on the identification and definition of controls as well as the establishment of a solid security process within the organization. The challenges lie in meeting these requirements in the context of the agency objectives and clearly articulating control infrastructures while being able to efficiently manage and measure these requirements. An extensible framework to manage both control definition and regulatory requirements with compliance measurements and reporting is necessary for energy companies to efficiently and effectively ensure compliance.

IT Governance, Risk and Compliance Challenges for Federal Agencies

• Multiple mandatory regulations
• High costs of defining controls for IT
• High costs of demonstrating compliance
• Budget impact to IT efforts for business
• Allocation of resources away from key business initiatives
• Difficulty with ongoing sustainability

Brabeion Solutions:

Brabeion Software solutions eliminate exposure of information security programs to repeat audit findings, regulatory violations and fines protecting brand, customer and commercial relationships. Our solutions ensure audit proven IT security controls maintained by experts including PwC, are mapped to regulations, customized for business requirements and communicated to employees, partners, auditors and regulators. Online dashboards measure and manage business risk, compliance and security program metrics and audit readiness down to the asset level. Our solution reduces the complexity of compliance and the cost of audits across global and heterogeneous environments.