Web9. Where this Prudential Standard provides for APRA to exercise a power or discretion, the power or discretion is to be exercised in writing. Adjustments and exclusions . 10. APRA may adjust or exclude a specific prudential requirement in this Prudential Standard in relation to an APRA -regulated entity. 4. Key principles . 11. An APRA ... WebAPRA governs specific obligations under the Corporation Act that apply to entities with an Australian Financial Services License (AFSL), such as having risk management systems and controls to manage business risks, including cyber security. APRA-regulated entities are required to comply with Prudential Standard CPS 234 (Information Security ...
APRA mulls tightening regulations post-Medibank hack
Webmeasures to be resilient against information security incidents (including cyber-attacks) by maintaining an information security capability commensurate with ... An APRA-regulated entity’s information security response plans must include the mechanisms in place for: (a) managing all relevant stages of an incident, from detection to post ... WebNov 28, 2024 · APRA said it has “informed the scope” of an external review being conducted by Deloitte, which is also looking into a data breach impacting 10 million current and former Optus customers. ... According to the Australian Cyber Security Centre’s Annual Cyber Threat Report, the agency received more than 67,500 cybercrime reports during … tebex s.a
Information Security APRA
WebNov 26, 2024 · The APRA Cyber Security Strategy for 2024-24 was developed in close consultation with the Department of Home Affairs, Treasury, ASIC and the Reserve Bank to complement the government's cyber ... WebNov 26, 2024 · APRA said it will harmonise the regulation and supervision of cyber across the financial system, which will see APRA extend its influence into fund managers, payment platforms and software vendors. WebNov 26, 2024 · To better address this gap, our new Cyber Security Strategy will see APRA apply a broader set of regulatory tools and techniques to cyber, acting in concert with peer regulators and other government agencies, and imposing greater accountability on entities that fail to adequately comply with their prudential obligations. tebex store nottingham