Glossary of Compliance

Compliance Glossary

Our list of curated compliance glossary offers everything you to know about compliance in one place.

Glossary » FedRAMP » Office of Management and Budget

Office of Management and Budget

The Office of Management and Budget (OMB) is the organization behind the president’s budget in the United States. It is the biggest office under the Executive Office of the President (EOP). 

The FedRAMP (Federal Risk and Authorization Management Program) guidelines were created by the OMB in 2011. The main purpose of this government program is to maintain secure cloud practices across the state. 

Due to the rise in cloud adoption of businesses over the years, in May 2024, the OMB set up the first FedRAMP Board and created the FedRAMP Technical Advisory Group (TAG). 

The FedRAMP Board, along with FedRAMP TAG (Technical Advisory Group) and FSCAC (Federal Secure Cloud Advisory Committee) work together as a group of executive, technical, and industry experts to enhance the FedRAMP program while keeping security standards current and enhancing transparency. They also simplify the process for agencies to fully leverage cloud services.

In April, 2024, the OMB also released guidelines for FedRAMP to issue Authorizations to Operate (ATOs) on priority to businesses and emerging technologies in the cloud making use of Generative AI. 

The OMB is directly involved in the oversight and support of the Chief Information Officers (CIO) Council, which consists of CIOs from federal agencies. The OMB helps shape IT management policies and practices through this Council.

Additional reading

Cybersecurity Monitoring: Importance, Steps and Examples

According to a report by Forbes, data breaches have surged by over 72%. The issue? Threats are outpacing security measures in terms of evolution, and volume. In a landscape where each vulnerability can lead to an exploit, cyber security monitoring can help you assess your security posture in real-time, and help you plug gaps for…

FedRAMP and SOC 2: What’s the Difference?

How can your customers assess whether you are as secure as you claim to be? By asking for an independent, third-party audit and review of your information security posture. But what about when your prospect is one of the US federal agencies? A SOC 2 attestation wouldn’t cut the mark here. You will need a…

GRC Certification – How to choose from top 10 GRC Certifications ?

A career in Governance, Risk, and Compliance (GRC) can be highly rewarding. This is a dynamic field which is financially lucrative with diverse opportunities for growth and an ability to impact and safeguard an organization’s assets and business reputation. If you are intrigued by a career in GRC, graduate degrees in IT, computer science, and…

Sprinto: Your growth superpower

Use Sprinto to centralize security compliance management – so nothing
gets in the way of your moving up and winning big.