Governance, Risk & Compliance: GRC
APRA CPS 230: Leveraging Technology for Proactive Supply Chain Risk Management
APRA CPS 230 establishes requirements for managing operational risks, including those arising from supply chain relationships.
Noncompliance with APRA CPS 230 in supply chain risk management can lead to significant operational disruptions and financial losses for regulated entities. Without robust controls to manage third party risks, companies may face unanticipated supply chain failures, data breaches, or service outages that can harm their organization’s continuity. This could result in costly penalties from APRA, remediation costs, and potential loss of customer trust, further amplifying financial damage.
Don’t miss out on our eBook, where we discuss:
• High profile examples of cyber breaches originating from third parties
• An overview of APRA CPS 230 and its impact on your supply chain
• Accountability without visibility: The paradox of supply chain risk management
• The solution to mitigating supply chain risk
