What It Is

TISAX (Trusted Information Security Assessment Exchange) is an industry framework for standardizing information security assessments in the automotive supply chain. Developed by the ENX Association based on VDA ISA catalog v5.0.4 or later, it verifies protection of sensitive data like prototypes and IP using a risk-based approach with three maturity levels: Basic, Significant, Very High.

Key Components

• 70+ controls across 7 groups: Policy, Organization, Personnel, Physical Security, Access, Cryptography, Operations.
• Modular objectives: Information Security, Prototype Protection, Data Protection.
• Builds on ISO 27001 with automotive specifics.
• ENX portal for secure result exchange; labels valid 3 years.

Why Organizations Use It

OEMs mandate it contractually for suppliers; non-compliance risks contract loss, fines. Provides efficiency (one audit for many partners), market access, risk mitigation, trust in global chains.

Implementation Overview

Phased: Preparation (gap analysis), Remediation (controls, table-tops), Audit (by accredited providers like DQS/TÜV), Sustainment. Suited for SMEs to enterprises in automotive; 6-18 months, scalable via self-assessments.

What It Is

MAS Technology Risk Management (TRM) Guidelines (revised January 2021) are supervisory guidance issued by the Monetary Authority of Singapore for financial institutions. They provide a principles-based, risk-proportional framework focused on governing technology and cyber risks to ensure confidentiality, integrity, and availability (CIA) of systems and data across governance, operations, and resilience.

Key Components

• 15 main sections covering governance, risk frameworks, secure development, IT service management, resilience, access controls, cryptography, data security, cyber operations, assessments, and audit.
• Synthesised into 12 core principles like board accountability, asset classification, third-party oversight, and defence-in-depth.
• No fixed control count; emphasises outcomes via continuous monitoring, testing, and independent assurance.

Why Organizations Use It

• Mandatory supervisory consideration for Singapore FIs to avoid enforcement (fines, license actions).
• Enhances cyber resilience, operational stability, and customer trust amid digital threats.
• Supports proportional risk management, board oversight, and ecosystem-wide protection.

Implementation Overview

• Phased approach: asset inventory, risk assessment, control design, testing, third-party diligence.
• Applies to all MAS-supervised FIs; scales by size/complexity.
• No formal certification; demonstrated via audits, metrics, and supervisory reviews. (178 words)