blueAPACHE’s Ironclad Defense to Safeguard your Future
The financial sector plays a crucial role in the Australian economy, and safeguarding sensitive data and operations is paramount. As highlighted in a recent article, the Australian Prudential Regulation Authority (APRA) has issued a stern warning about cybersecurity non-compliance. APRA’s information security standard CPS 234 is in effect, and the upcoming CPS 230 is looming on the horizon, set to take effect on July 1, 2025.
Understanding CPS 234 and CPS 230:
CPS 234, which has been in effect since July 2019, addresses foundational issues in cybersecurity. It focuses on ensuring that financial institutions can defend against evolving threats. However, the journey doesn’t end here. The financial industry is now on notice that APRA-regulated entities must prepare for compliance with CPS 230, which aims to ensure entities are resilient to operational risks and disruptions.
CPS 230 will play a crucial role in helping entities understand and manage the risks across their operational value chain, especially those associated with providing essential services to customers. The importance of this standard cannot be overstated, and APRA-regulated entities must proactively take steps to meet its requirements.
How blueAPACHE’s Strategic Partnerships Meet CPS 230 Needs:
At blueAPACHE, we recognise the significance of CPS 230 and are committed to assisting APRA-regulated entities in preparing for its implementation. Our powerful partnerships with industry leaders like CyberArk and Rapid7 are strategically aligned to meet the specific needs of CPS 230.
Here’s how our partnerships contribute to CPS 230 compliance:
- Resilience to Operational Risks: CPS 230 requires resilience to operational risks. Our partnerships enhance our capabilities to proactively identify and mitigate risks in your operational value chain, ensuring your organization’s resilience.
- Essential Services Security: Protecting essential services to customers is a central requirement of CPS 230. Our partnerships strengthen our ability to safeguard these services by providing advanced cybersecurity solutions that are crucial in this context.
- Compliance Readiness: Meeting CPS 230 compliance is a complex task. Our partnerships empower us to help you with compliance readiness, providing the expertise and technology needed to align with the standard’s requirements.
Don’t wait until it’s too late. Begin the journey towards CPS 234 and CPS 230 compliance today with the strength of blueAPACHE’s enhanced security and powerful partnerships. Contact us for a consultation and learn how this combination can help you meet and exceed APRA’s cybersecurity standards.
Contact us for a consultation and learn how this combination can help you meet and exceed APRA’s cybersecurity standards.
Reference:
APRA warns finance sector on cybersecurity non-compliance – Security – CRN Australia