A Clear Path to Cybersecurity Maturity
We recognise that small teams face big challenges when it comes to cybersecurity compliance—from managing Essential 8 compliance to navigating APRA CPS 230 or APRA CPS 234. Balancing these requirements with limited resources can be overwhelming, but that’s exactly why our platform evolves with you.
Cybereen’s Cyber Security GRC Advantage
• Scales alongside your organisation
• Centralises all cyber security assessment evidence
• Equips you with everything needed for audits and certifications, including ISO 27001 certification
• Streamlines ISM standard, Australian Essential 8, and APRA compliance
Our goal? To ensure you know exactly where you stand, what your next steps are, and have the evidence to prove it. With clarity at every stage, you can move forward with confidence.
Transforming Cyber Security for Growing Organisations
At Cybereen, we’re redefining how growing organisations approach cyber security for business. Our vision is simple: security should be an enabler of confidence and progress, not a barrier to growth. Every organisation—no matter its size—deserves a clear understanding of its security posture, along with the support to continually improve it.
Who Needs to Comply with APRA CPS 230?
Compliance with APRA CPS 230 is mandatory for all APRA-regulated financial institutions, including:
- Banks and credit unions
- Insurance providers
- Superannuation funds
- Other financial service organisations under APRA’s jurisdiction
Additionally, third-party service providers handling critical functions for these institutions must adhere to strict operational risk management practices to remain compliant.
Key Requirements of APRA CPS 230
Operational Risk Management
Organisations must identify, assess, and mitigate risks that could disrupt operations. This includes cyber security threats, internal system failures, and human errors. Cybereen’s platform simplifies risk identification and tracking, ensuring your organisation meets compliance requirements.
Business Continuity Planning
APRA CPS 230 mandates that institutions develop, test, and maintain business continuity plans to minimise disruptions. With Cybereen, businesses can store, track, and update BCPs efficiently, ensuring regulatory alignment.
Third-Party Risk Management
Financial institutions must assess and monitor the operational resilience of their outsourced service providers. Cybereen enables organisations to track third-party compliance, identify vulnerabilities, and manage risks proactively.
Incident Response & Recovery
Organisations must have structured plans for detecting, responding to, and recovering from operational disruptions. Cybereen’s incident tracking and response management features ensure real-time monitoring and quick recovery from incidents.
Governance & Accountability
Senior management and the board must oversee risk management practices and ensure compliance with CPS 230. Cybereen assigns clear accountability within the organisation, ensuring responsibilities are properly managed.
Steps to Achieve APRA CPS 230 Compliance
- Conduct an Operational Risk Assessment
Identify risks within internal operations and third-party services. Cybereen’s automated assessment tools help detect and categorise vulnerabilities efficiently.
- Develop a Comprehensive Risk Management Framework
A structured framework is essential to meet CPS 230 requirements. Cybereen helps organisations align their policies with regulatory standards, ensuring a solid foundation for compliance.
- Establish Business Continuity and Disaster Recovery Plans
Organisations must document, test, and update business continuity plans regularly. Cybereen centralises BCP documentation, making it easier to track updates and testing outcomes.
- Monitor and Manage Third-Party Risks
Cybereen provides third-party compliance tracking to ensure external service providers meet APRA’s standards, helping organisations avoid potential risks.
- Regular Compliance Audits and Reporting
Ongoing monitoring is critical. Cybereen automates compliance audits, generates reports, and ensures continuous adherence to CPS 230.
APRA CPS 230 Compliance Checklist
✔ Risk management framework in place
✔ Business continuity plan tested and updated
✔ Third-party risk management measures implemented
✔ Incident response and reporting mechanisms established
✔ Regular compliance audits and governance reviews conducted
How Cybereen Can Help with APRA CPS 230 Compliance
Cybereen is designed to simplify and streamline CPS 230 compliance by offering powerful automation tools and compliance management features:
- Facilitates Assessments and Audits
Cybereen’s platform automates compliance assessments, ensuring gaps are identified and addressed before they become critical issues.
- Secure Storage & Evidence Management
Store all compliance-related documentation securely in one place, with easy retrieval for audits and regulatory checks.
- Continuous Compliance Monitoring
Real-time alerts ensure compliance gaps are promptly identified and rectified, preventing regulatory breaches.
- Clear Accountability & Role Assignments
Cybereen helps define clear responsibilities for board members, executives, and risk management teams.
- Centralised Knowledge Hub for CPS 230
Access all relevant policies, procedures, and compliance insights in one user-friendly dashboard, making regulatory adherence seamless.
Get CPS 230 Compliant with Cybereen Today!
Cybereen simplifies CPS 230 compliance management, ensuring financial institutions and their partners meet regulatory requirements effortlessly.
FAQs
Stop over paying for features you don’t need.
Our platform aims to deliver critical features that give you the best return for your investment, so you can spend your budget on maturing your environment, not on licensing overly-priced products.
Try us
Click on the request demo button to contact us and we will set up your demo instance.
Try Cybereen Risk Free
See how easily your company could improve its Cybersecurity maturity profile.
Try it risk free with our 90 day money back guarantee.