AS9120B
Aerospace QMS standard for distributors of unaltered parts
23 NYCRR 500
NY regulation for financial services cybersecurity.
Quick Verdict
AS9120B ensures aerospace distributor quality via traceability and counterfeit controls for supply chain approval, while 23 NYCRR 500 mandates NY financial cybersecurity with MFA and 72-hour reporting to protect NPI and operations.
AS9120B
AS9120B Quality Management Systems for Distributors
Key Features
- Prevents counterfeit parts via verification and quarantine processes
- Ensures traceability and chain-of-custody for split lots
- Mandates external provider evaluation and approval registers
- Implements configuration management through sales orders
- Requires product safety and ethical behavior awareness training
23 NYCRR 500
23 NYCRR Part 500
Key Features
- Annual CISO/CEO dual-signature certification
- Phishing-resistant MFA for privileged access
- 72-hour cybersecurity incident notification
- Risk-based TPSP security policy and contracts
- Annual penetration testing and vulnerability management
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
AS9120B Details
What It Is
AS9120B is the IAQG quality management system standard for aviation, space, and defense distributors, building on ISO 9001:2015's 10-clause structure. It applies to organizations procuring, storing, splitting, and reselling parts without altering characteristics, using a risk-based PDCA approach to mitigate supply chain risks like traceability loss and counterfeits.
Key Components
- Over 100 aerospace-specific requirements beyond ISO 9001.
- Core areas: context analysis, leadership, risk planning, support resources, operational controls (traceability, counterfeit prevention), performance evaluation, improvement.
- Built on high-level structure with distributor emphases like external provider registers and configuration management.
- Third-party certification via IAQG-accredited bodies, listed in OASIS.
Why Organizations Use It
- Enables market access to OEMs and primes requiring certification.
- Reduces risks of nonconformities, recalls, and commercial exclusion.
- Builds stakeholder trust through auditable chain-of-custody.
- Drives efficiency in operations and supplier management.
Implementation Overview
- Phased approach: gap analysis, process design, training, internal audits, certification (6-12 months typical).
- Applies to stockists, pass-through distributors globally.
- Involves documented scope, risk registers, and surveillance audits.
23 NYCRR 500 Details
What It Is
23 NYCRR Part 500 is the New York Department of Financial Services (NYDFS) regulation establishing minimum cybersecurity standards for financial services entities. It is a prescriptive, risk-based regulation focused on protecting nonpublic information (NPI) and information systems' integrity. Its approach mandates a documented cybersecurity program tailored to organizational risks, with phased compliance timelines from 2023 amendments.
Key Components
- 14 core requirements including cybersecurity program, CISO appointment, MFA, encryption, TPSP oversight, penetration testing, and incident response.
- Built on risk assessments informing all controls; annual dual CISO/CEO certification with 5-year evidence retention.
- Class A companies face enhanced obligations like independent audits and EDR.
- Compliance model emphasizes governance, testing, and 72-hour incident reporting, without formal third-party certification.
Why Organizations Use It
- Mandatory for NY-licensed financial entities to avoid multimillion-dollar fines (e.g., Robinhood $30M).
- Enhances resilience, reduces incident risk, builds stakeholder trust, and aligns with NIST CSF.
- Provides competitive edge in vendor selection and insurance premiums.
Implementation Overview
- Phased roadmap: gap analysis, asset inventory, MFA rollout, TPSP contracts, IR testing.
- Applies to banks, insurers, mortgage firms in NY; scalable by size/complexity.
- No external certification but DFS examinations require auditable evidence. (178 words)
Key Differences
| Aspect | AS9120B | 23 NYCRR 500 |
|---|---|---|
| Scope | Aerospace distributor QMS, traceability, counterfeit prevention | Financial services cybersecurity, MFA, incident reporting |
| Industry | Aerospace distribution, global certifications | NY financial services licensees, state-specific |
| Nature | Voluntary IAQG certification standard | Mandatory NYDFS regulation with penalties |
| Testing | Internal audits, management reviews, certification audits | Annual pen testing, vulnerability scans, risk assessments |
| Penalties | Loss of certification, market exclusion | Fines, consent orders, license revocation |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about AS9120B and 23 NYCRR 500
AS9120B FAQ
23 NYCRR 500 FAQ
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