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Compliance Guide

Netskope for the Australian CPS 234

Meet APRA Prudential Standard CPS 234 requirements with visibility and advanced security controls. Netskope enables APRA-regulated entities to protect critical information assets through continuous monitoring, zero trust access, and automated compliance enforcement.

Supporting information

What is the APRA Prudential Standard CPS 234? What are the main challenges for organizations seeking CPS 234 compliance? Netskope's solutions for Australian CPS 234 compliance Key questions answered

What is the APRA Prudential Standard CPS 234? link link

The Australian Prudential Standard CPS 234 on Information Security requires Australian Prudential Regulation Authority (APRA) regulated entities to maintain strong measures against security incidents, including cyberattacks. Its purpose is to minimise risks to the confidentiality, integrity, and availability of information assets, including those managed by third parties. Compliance demands a clear definition of security roles, a capability proportional to risk, controls based on asset criticality, regular testing of control effectiveness, and prompt notification to APRA of material security incidents.

 

 The Australian Prudential Standard CPS 234 on Information Security requires Australian Prudential Regulation Authority (APRA) regulated entities to maintain strong measures against security incidents, including cyberattacks. Its purpose is to minimise risks to the confidentiality, integrity, and availability of information assets, including those managed by third parties.

What are the main challenges for organizations seeking CPS 234 compliance? link link

CPS 234 requires organizations, irrespective of their sizes, to protect every information asset, whether on-premises, in the cloud, or managed by third parties. However, most organizations operate across multiple SaaS and IaaS platforms, where misconfigurations and unmanaged applications create compliance gaps. Third-party risk and the need for continuous monitoring add complexity. Manual processes cannot deliver the speed required for rapid detection and response. Without centralized visibility and automated controls, organizations cannot meet a foolproof audit.

 

 CPS 234 requires organizations, irrespective of their sizes, to protect every information asset, whether on-premises, in the cloud, or managed by third parties. However, most organizations operate across multiple SaaS and IaaS platforms, where misconfigurations and unmanaged applications create compliance gaps.

Netskope's solutions for Australian CPS 234 compliance link link

  • Netskope One Data Loss Prevention (DLP) monitors and secures sensitive data in the cloud, preventing unauthorized sharing or transfer.
  • Cloud Activity Monitoring provides real-time oversight of cloud service use and data movement.
  • The Cloud Confidence Index offers a risk assessment of SaaS applications, considering security policies and certifications.
  • SaaS Security Posture Management (SSPM) continuously monitors ISaaS environments to prevent misconfigurations.
  • Netskope automates alerting to relevant teams and restricts access, to ensure prompt detection and rapid response to security incidents.
  • Zero trust network access (ZTNA) secures remote access with zero trust principles, using encryption and access controls to protect data in motion.
  • Netskope One Advanced Analytics provides insights into data flows and security trends, allowing the tracking of access and threats.

 

Key questions answered link link

  • What does CPS 234 require from APRA-regulated entities?
  • How can organizations maintain an information security capability that meets CPS 234?
  • How should third-party risks be assessed and managed under CPS 234?
  • What security controls are necessary to protect critical and sensitive information assets?
  • How can organizations detect and respond to information security incidents effectively?

 

Download the Australian CPS 234 mapping guide now. Get detailed compliance requirements and how the Netskope One platform supports them. Connect with the Netskope team for answers or schedule a demo to see these solutions in action.