Governance, Risk & Compliance: GRC
Watch Best Practices for APRA CPS 230 Compliance
Building a resilient supply chain with CPS 230
APRA CPS 230 compliance is more important than ever with over 75% of software supply chains having faced cyberattacks in the past 12 months. Furthermore, nearly three-quarters of these breaches originated from third parties that organizations were either unaware of or did not actively monitor.
The Australian Prudential Regulatory Authority is just one of many regulators seeking to ensure that reliance on service providers does not compromise a firm’s ability to meet prudential obligations or manage security risks effectively. CPS 230 consolidates and replaces several existing prudential standards, requiring firms to conduct comprehensive supply chain risk assessments, conduct detailed due diligence, and perform ongoing monitoring to mitigate threats arising from critical third parties.
Watch our APRA CPS 230 compliance on-demand webinar, where we dive into the detail of these impending obligations. Specifically, we focus on the following:
- APRA’s regulatory expectations
- Persisting challenges in supply chain risk management
- Best practices for identifying and mitigating supplier security risks
- The role of technology in enabling data-driven supply chain risk management
