What is APRA CPS 234?
CPS 234 is the Australian Prudential Regulation Authority’s information security standard, mandatory for banks, insurers and superannuation entities. It requires clearly defined security roles, capability matched to threats, controls testing, incident notification to APRA within 72 hours, and assurance over third-party providers.
Why APRA CPS 234 matters for Australian businesses
Australian businesses face a growing web of regulatory obligations, from the Privacy Act and Essential Eight to industry-specific standards like PCI DSS. Non-compliance can result in significant fines, reputational damage, and loss of client trust. Understanding these frameworks helps you build a security posture that satisfies regulators and reassures your clients.
For small and medium businesses in particular, CPS 234 can make a real difference in maintaining a secure, efficient, and resilient IT environment. Whether you are reviewing your current setup or planning improvements, understanding the role of CPS 234 in your broader IT strategy will help you have more informed conversations with your IT provider and make better decisions for your business.
Related terms
GRC • ISMS • Vendor Management
How All IT Services can help
At All IT Services, we help businesses across Sydney, Brisbane, Melbourne, and regional NSW implement and manage CPS 234 as part of our comprehensive compliance services. If you have questions about how this fits into your IT strategy, contact our team for a no-obligation consultation.
Frequently Asked Questions
What is APRA CPS 234?
It is a prudential standard requiring APRA-regulated entities to maintain information security capability commensurate with threats, test controls, and notify APRA of material incidents within 72 hours.
Who must comply with CPS 234?
Authorised deposit-taking institutions, insurers and superannuation trustees — and by extension their service providers, who must demonstrate equivalent control over the information assets they manage.
How does CPS 234 affect IT suppliers?
Regulated entities must assess and assure supplier security, so MSPs and SaaS vendors serving them face contractual audits, reporting duties and control requirements.