APRA CPS 234 Services

What is APRA CPS 234?

APRA CPS 234 is a critical standard mandated by the Australian Prudential Regulation Authority, designed to bolster the information security of financial institutions. It requires entities to have robust cybersecurity measures in place to protect against threats and vulnerabilities, ensuring the resilience of their information infrastructure. Our APRA CPS 234 services in Australia offer comprehensive support to navigate and adhere to these regulations. With our expert CPS 234 compliance services, we help secure your financial operations, providing an extensive framework to meet APRA guidelines and withstand cybersecurity challenges.

What are affected entities required to do?

APRA CPS 234 requires regulated entities to clearly define information security roles, maintain a security capability proportionate to threat levels, implement and test controls for information asset protection, and promptly notify APRA of significant security incidents. This compliance is crucial in the financial sector, where organisations, rich in data, face high risks of cyber-attacks due to increasing reliance on technology.

Board and Director Responsibility 

The Standard emphasises the Board’s ultimate responsibility for information security within regulated entities. It expects Boards and senior management to be actively involved in both preventing and addressing information security incidents. For APRA-regulated clients, this involves continuous education of Board members on evolving digital threats and changes in the risk profile.