APRA 234 ASSESSMENT

APRA CPS 234 is a standard for information security management designed to help APRA regulated entities increase their overall resilience towards information security incidents that can affect the confidentiality, integrity or availability of information assets.

What kind of organisations does the APRA CPS 234 apply to?

CPS 234 applies to all APRA-regulated entities. These include:

• Banks, credit unions and other authorised deposit taking institutions (ADIs)
• Superannuation funds
• Life insurance companies
• Friendly societies
• General insurers
• Non-operating holding companies
• Private health insurers.

It is important to note that from July 1, 2020 onwards all third parties that handle information assets from the above listed organisations will also have to comply with CPS 234. 

CPS 234 also applies to certain foreign entities. These include:

• Foreign ADIs
• Foreign General Insurers 
• Foreign life insurance companies