CPS 230: How to Drive Operational Resilience and Cyber Preparedness

CPS 230 is a new prudential standard released by the Australian Prudential Regulation Authority (APRA) that aims to enhance operational resilience in the financial services sector. The standard covers a wide range of operational risks, including internal and external fraud, cybersecurity, business disruptions, and regulatory noncompliance.

Organizations that are subject to CPS 230 will need to demonstrate accountability, have a robust risk management process, ensure effective controls, have a clear understanding of their incident management capabilities, and have a comprehensive business continuity plan in place. They will also need to effectively manage their service providers and have a clear and effective technology strategy.

In this whitepaper, we share important insight about CPS 230 including the following:

• Key drivers behind CPS 230
• Preparation challenges facing organizations
• Important role technology can play

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