Australia · APRA CPS 234

APRA CPS 234 Information Security Compliance

CyberSilo helps APRA-regulated banks, insurers, and superannuation funds in Australia comply with the CPS 234 information security standard.

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APRARegulating Authority

4Core CPS 234 Requirements

100%APRA-Regulated Scope

8-14Wks to Compliance

Australia's Mandatory Financial Sector Security Standard

CPS 234 is the Australian Prudential Regulation Authority's mandatory information security standard, applicable to all APRA-regulated entities including banks, insurers, and superannuation funds. The standard requires institutions to maintain information security capability commensurate with the size and extent of threats to their information assets, and to notify APRA of material security incidents. CyberSilo helps regulated entities build CPS 234-aligned information security programmes and third-party assurance processes.

Core Requirements

CPS 234 — Core Requirements

Information Security Capability

Entities must maintain information security capability proportionate to the size, complexity, and threat exposure of their information assets.

Roles & Responsibilities

Clearly defined information security roles and responsibilities, including board-level accountability for information security.

Incident Notification to APRA

Entities must notify APRA as soon as possible, and no later than defined timeframes, following a material information security incident.

Third-Party & Related Party Assurance

Entities must obtain assurance that third parties and related parties managing information assets on their behalf maintain adequate information security controls.

Regulatory Context

Why APRA CPS 234 Compliance Matters

Mandatory for All APRA-Regulated Entities

CPS 234 applies to banks, insurers, and superannuation funds regulated by APRA, with no size-based exemption.

Active Supervisory Enforcement

APRA has taken enforcement action against regulated entities for CPS 234 non-compliance, including formal directions and increased capital requirements.

Third-Party Risk Is a Supervisory Focus

APRA has specifically highlighted third-party and outsourcing risk as an area of ongoing supervisory attention under CPS 234.

CyberSilo Advantage

Why Work With CyberSilo

CPS 234 Gap Assessment

We benchmark your information security programme against CPS 234 requirements and prioritize remediation by regulatory risk.

Board Reporting Support

We help build board-level information security reporting that satisfies CPS 234 governance expectations.

Third-Party Assurance Programme

We help design and implement assurance processes for third parties managing information assets on your behalf.

FAQs

APRA CPS 234 — Frequently Asked Questions

What is APRA CPS 234?

CPS 234 is the Australian Prudential Regulation Authority's mandatory information security standard for regulated financial entities, requiring proportionate security capability and incident notification.

Who must comply with CPS 234?

All APRA-regulated entities, including banks, general and life insurers, and superannuation trustees.

What are the incident notification requirements under CPS 234?

Entities must notify APRA as soon as possible, and within defined maximum timeframes, after becoming aware of a material information security incident.

How does CPS 234 address third-party risk?

Entities must obtain assurance that third parties and related parties managing their information assets maintain information security controls consistent with CPS 234 expectations.