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May 23, 2019

APRA Embraces an ‘Assume Breach’ Mentality with CPS 234

Vice President of Asia Pacific

This article was originally published on

Even if you’re not in the financial services industry (FSI), you’ve probably already heard of CPS 234 – the new standard for data protection set forth by the Australian Prudential Regulation Authority (APRA). The overarching goal of CPS 234 is to improve the cyber resilience of APRA-regulated organisations who face threats like payment and card fraud, attacks on critical infrastructure, mobile app vulnerabilities, and the like – in fact, according to NTT, 26% of global cyberattacks target the financial services industry and, interestingly enough, Australia is the source country for 66% of attacks in the finance sector across the entire Asia-Pacific region.

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