Summary
CPS 234 is an Australian Prudential Standard from APRA that requires financial entities, such as banks and insurers, to build resilience against cyber threats by maintaining strong information security, including identifying assets, implementing controls, testing their effectiveness, managing incidents, and reporting breaches to APRA. The standard mandates that critical data remains confidential, integral, and available, even when managed by third parties, with a focus on board accountability and risk management.
