APRA’s Reminder on Information Security Requirements

The Australian Prudential Regulation Authority (“APRA“) has published a newsletter highlighting the importance of placing focus on cyber security while conducting independent tripartite cyber assessments on its regulated entities. These assessments are aimed at ensuring that these entities have the necessary infrastructure to effectively withstand cyberattacks and security threats. Although currently evaluating approximately 300 banks, insurers, and superannuation trustees, APRA has recognised the necessity of…

prompting firms to enhance their cyber resilience and elevate the standards of their security protocols.

Below, we have created a brief one-page guide detailing six findings under Prudential Standard CPS 234 Information Security (“CPS 234“), pinpointed by APRA.\

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