APRA Prudential Regulation
CPS 234 Alignment
Independent compliance alignment for APRA-regulated entities and third-party service providers across Australian banking, insurance, and superannuation sectors.
Recommended For
- Third-party vendors, SaaS platforms, and IT service providers supporting APRA-regulated financial institutions (ADI, General Insurance, Superannuation)
- APRA-regulated entities requiring independent assurance over information security capability and control effectiveness
- Chief Risk Officers and CISOs preparing for APRA tripartite reviews or prudential assessments
Service Overview
Maintain Audit-Ready Security for APRA-Regulated Supply Chains
APRA Prudential Standard CPS 234 aims to ensure regulated entities (banks, insurers, superannuation funds) maintain security capabilities commensurate with information security threats. Crucially, CPS 234 requires regulated entities to evaluate the security controls of all third-party service providers managing information assets.
Whitesec AU conducts independent CPS 234 alignment audits. We evaluate your security governance, technical controls, testing regimes, and 72-hour incident notification workflows against APRA CPG 234 guidance — delivering defensible attestation packages that satisfy bank risk committees and APRA prudential reviews.
72 Hours
Mandatory notification window under CPS 234 to inform APRA of material information security incidents.
Regulatory & Standards Alignment
APRA Prudential Standard CPS 234
Mandatory information security standard requiring APRA-regulated entities to maintain resilient security capabilities.
APRA Prudential Guidance CPG 234
Prudential practice guide detailing expected baseline controls, board oversight, and incident notifications.
APRA CPS 230 Operational Risk Management
Complementary standard governing operational risk, material service provider management, and business continuity.
Executive Business Value & Outcomes
Financial Supply Chain Retention
Protect lucrative supplier contracts with major Australian banks, insurers, and super funds by proving CPS 234 compliance.
Defensible Board Compliance
Provide directors with independent assurance required for annual board declarations on information security capability.
Tripartite Review Readiness
Prepare your organization to pass independent APRA tripartite reviews without adverse findings or regulatory conditions.
Third-Party Risk Management
Establish structured evaluation processes for Fourth-Party service providers aligned to APRA CPS 230/234 requirements.
72-Hour Incident Escalation
Deploy robust detection and notification workflows ensuring mandatory incident reporting to APRA within 72 hours.
Systematic Testing Program
Establish an annual control testing schedule compliant with CPS 234 Paragraph 35 mandates.
The Problem
Challenges We Solve
The situations that bring organisations to this engagement in the first place.
Third parties are in scope, and unverified
CPS 234 requires regulated entities to evaluate the security controls of every third party managing information assets.
Incident notification exists only on paper
The 72-hour notification workflow has been written but never tested against APRA CPG 234 guidance.
Self-assessment does not survive review
Bank risk committees and APRA prudential reviews expect defensible evidence, not a completed questionnaire.
Scope of Service
Scope of Alignment Activities
Comprehensive assessment covering all core obligations of Prudential Standard CPS 234.
Security Governance & Board Oversight Review
Auditing information security roles, responsibilities, policy frameworks, and board reporting structures.
Information Asset Classification & Safeguards
Assessing asset registers, threat profiling, and technical controls protecting critical financial data.
Control Effectiveness Testing Audit
Evaluating independent testing cadences, vulnerability assessments, and penetration testing coverage.
APRA Incident Notification Playbook
Authoring rapid escalation playbooks to meet mandatory 72-hour notification requirements for material incidents.
Methodology
Engagement Roadmap
A structured 3 to 6-week prudential alignment engagement.
Scoping & Asset Mapping
We map information assets, third-party data flows, and regulatory boundaries linked to APRA-regulated entities.
CPG 234 Gap Assessment
Our auditors evaluate technical and governance controls against all 46 requirements of Prudential Standard CPS 234.
Control Remediation & Playbooks
We assist your team in updating incident response plans, third-party contract clauses, and control testing schedules.
Attestation & Board Reporting Pack
We issue a signed CPS 234 Compliance Attestation File and Executive Board Summary.
Deliverables
What You Receive
The artifacts that land in your hands at the end of the engagement.
CPS 234 Compliance Attestation Report
Formal technical audit file documenting alignment against APRA Prudential Standard CPS 234 requirements.
Board Information Security Governance Briefing
Executive presentation prepared for directors and risk committees supporting annual CPS 234 declarations.
APRA 72-Hour Incident Response Playbook
Escalation documentation and notification templates designed specifically for APRA reporting compliance.
FAQ
Frequently Asked Questions
Secure Your APRA Supply Chain Status
Schedule an independent CPS 234 alignment review with our Perth specialists.