The Australian Prudential Regulation Authority’s (APRA) Prudential Practice Guide (CPG234) assists financial institutions, general and life insurance companies and superannuation funds to manage their data risk.
APRA recognises that the storage and transfer of customer data is critical for entities they govern and that it’s important organisations effectively manage their data quality and risks. They recognise that a strong cyber security management systems can protect organisations from:
- data theft and associated fraud
- business disruption due to data breach and corruption
- failure to provide deliverable due to data inaccuracy
- breach of legal or regulatory obligations due to breach of sensitive data.
How Stickman can help
Stickman can review your current cyber security framework against the requirements of APRA 234, identify and compliance issues and provide recommendations for remediation.
For more information talk to a consultant today.