The SCF maps its controls directly to 23 NYCRR Part 500 requirements, allowing organizations to implement a single set of controls that satisfy Part 500 while simultaneously addressing NIST CSF, ISO 27001, and CIS Controls. SCF's cross-framework mapping reduces duplication, provides audit-ready control evidence, and helps organizations demonstrate compliance with Part 500's specific requirements including penetration testing, access management, encryption, and CISO accountability.
The SCF's approach to NY DFS Part 500 compliance is built on its cross-framework control architecture. Rather than building a standalone Part 500 compliance program, organizations use the SCF to implement controls that satisfy Part 500 requirements as part of a broader security program. This reduces duplication: if you are already addressing NIST CSF or ISO 27001 controls for other reasons, the SCF mapping shows which of those controls satisfy Part 500 requirements.
The SCF provides specificity for Part 500's particular requirements, including: annual penetration testing and bi-annual vulnerability assessments; Multi-Factor Authentication for privileged access and remote access; encryption of Nonpublic Information in transit and at rest; third-party service provider policies; incident response plan requirements; and the CISO role and accountability requirements.
For organizations under the 2023 amended requirements, the SCF helps address the expanded controls for covered entities, the new Class A company requirements (organizations with over $20 million in gross annual revenue and more than 2,000 employees, or over $1 billion in assets), and the new requirements around vulnerability management, asset management, and supply chain security.
The SCF's mapping provides the control documentation framework a CISO needs to support the annual DFS certification.
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