What It Is

TISAX (Trusted Information Security Assessment Exchange) is an industry-specific assessment framework developed by the ENX Association based on the VDA ISA catalog. It standardizes verification and exchange of information security capabilities across the automotive supply chain, focusing on protecting sensitive data like prototypes and IP through risk-based assessments at three levels: AL1 (self), AL2 (remote), AL3 (on-site).

Key Components

• VDA ISA catalog with 70+ controls across 7 groups: policy, organization, personnel, physical security, access, cryptography, operations.
• Automotive extensions for prototype protection, data protection modules.
• Maturity scoring (0-3+), 3-year valid labels shared via ENX portal.

Why Organizations Use It

OEMs mandate TISAX for suppliers to mitigate supply chain risks, enable market access, reduce duplicate audits (70-90% savings), enhance trust, and support resilience against breaches costing millions.

Implementation Overview

Phased approach: prepare/scope (1-3 months), remediate (3-9 months), audit (2-4 months), sustain ongoing. Targets automotive ecosystem (OEMs, Tier 1/2 suppliers, services); requires ENX registration and accredited audits for Significant/Very High levels. Scalable for SMEs to enterprises.

What It Is

23 NYCRR Part 500 is the New York Department of Financial Services (NYDFS) Cybersecurity Regulation, a mandatory state-level regulation for financial services entities. Its primary purpose is safeguarding nonpublic information (NPI) and ensuring operational integrity against cyber threats. It employs a prescriptive risk-based approach, requiring evidence-based outcomes through documented programs and controls.

Key Components

• 14 core requirements: cybersecurity program, policy, CISO governance, access privileges, MFA, encryption, TPSP oversight, asset management, penetration testing, incident response, and annual certification.
• Anchored in annual risk assessments using frameworks like NIST CSF.
• Dual-signature certification by CEO/CISO annually, with 5-year record retention; enhanced for Class A companies.

Why Organizations Use It

• Meets legal obligations for NY-licensed banks, insurers, avoiding multimillion-dollar fines (e.g., Robinhood $30M).
• Bolsters risk management, resilience, and third-party accountability.
• Enhances trust, reduces insurance premiums, and provides competitive edge.

Implementation Overview

• Phased roadmap: gap analysis, risk assessment, MFA rollout, asset inventory, TPSP contracts, testing.
• Targets NY financial entities; scalable by size/complexity.
• Self-certification via DFS portal; Class A requires independent audits.