APRA CPS 234 Compliance Services for Australian Financial Institutions
“APRA CPS 234 is a mandatory prudential standard that requires all APRA-regulated entities to maintain an active information security capability, protect information assets, and notify APRA within 72 hours of a material incident. Intrix delivers CPS 234 readiness assessments, control testing, and incident response support for Australian financial institutions.
Are You Prepared for APRA's Scrutiny?
The Australian financial services industry faces immense pressure from regulators and threat actors. The Australian Prudential Regulation Authority (APRA) has fundamentally shifted cybersecurity from an IT issue to a primary boardroom concern. Your Board is now ultimately responsible for the institution’s information security
Critical Questions for Your Institution
The 72-Hour Clock
Can you confidently detect, contain, and report a material breach to APRA within the mandatory 72-hour window?
Board-Level Governance
Is your cyber risk being governed with the same discipline as your financial or credit risk?
Total Asset Visibility
Have you classified all assets—including third-party systems—by criticality as CPS 234 requires? APRA frequently flags this as a major gap
Our Solution: Intrix CPS 234 Readiness & Uplift
We turn CPS 234 from a burden into a competitive advantage—using its requirements as the foundation for a stronger, more resilient security program
Classification Workshops
A structured program to help you identify, classify, and manage all information assets based on their sensitivity and criticality. This addresses one of the most common gaps identified by APRA in their prudential reviews
Systematic Control Testing
We build a structured, repeatable control-testing program that proves your security measures work in practice—not just on paper—while providing the evidence APRA requires for CPS 234 assurance
Ensures rapid access to our expert DFIR team so you can meet APRA’s 72-hour notification deadline, reduce incident impact, and restore operations quickly—providing the pre-arranged response capability regulators expect
Understanding APRA CPS 234 Requirements
Testing and Assurance
Regularly and systematically test your security controls and conduct holistic reviews of your entire information security framework
Information Security Capability
Maintain security capability that matches your vulnerabilities, threats, and overall risk profile
Incident Management
Enable rapid detection, response, and APRA notification within 72 hours of a material incident
Information Asset Management
Implement controls to protect information assets commensurate with criticality and sensitivity, including those managed by third parties and service providers
Why Choose Intrix for APRA CPS 234 Compliance
Financial Services Expertise
Deep understanding of APRA’s expectations, common compliance gaps, and the unique security challenges facing Australian financial institutions
Competitive Advantage
Transform compliance from a cost center into a strategic advantage, building customer trust and operational resilience that differentiates your institution
Proven Track Record
Successfully partnered with Australian banks, credit unions, and financial services organizations to achieve and maintain APRA compliance
Board-Level Communication
We help translate technical security issues into business language that resonates with your Board and senior management, supporting governance requirements
Preparing for CPS 230: Operational Risk Management
As APRA’s CPS 230 takes effect, institutions must strengthen operational resilience. Our CPS 234 services integrate seamlessly with CPS 230, helping you build a unified, end-to-end risk management framework that covers both information security and operational resilience
Business continuity and disaster recovery planning aligned with critical operations
Service provider management and third-party risk assessment
Tolerance levels and impact assessments for operational disruptions
Frequently Asked Questions
What is APRA CPS 234?
APRA CPS 234 is a prudential standard that applies to all APRA-regulated entities, establishing requirements for information security management. It mandates that institutions maintain information security capability, protect information assets, respond to incidents, and test controls systematically
Who must comply with CPS 234?
CPS 234 applies to all APRA-regulated entities, including authorised deposit-taking institutions such as banks and credit unions, general insurers, life insurers, private health insurers, superannuation fund licensees, and non-operating holding companies. Third parties that manage information assets on behalf of these entities are also required to meet the standard’s security requirements and provide attestation of their controls when requested. Intrix helps both regulated entities and their service providers understand and meet their obligations under the standard.
What is the 72-hour reporting requirement?
Under CPS 234, entities must notify APRA as soon as possible and no later than 72 hours after becoming aware of an information security incident that has materially affected, or had the potential to materially affect, the entity or its customers financially or non-financially, or that has been notified to any other regulator domestically or overseas. Separately, entities must notify APRA within 10 business days of becoming aware of a material information security control weakness that cannot be remediated in a timely manner. Intrix helps organisations build the detection, escalation, and notification workflows required to meet these strict timeframes.
How does CPS 234 relate to CPS 230?
CPS 234 focuses specifically on information security, covering the protection, testing, and incident notification requirements for information assets, while CPS 230, which came into effect on 1 July 2025, addresses broader operational risk management including business continuity, service provider oversight, and resilience. The two standards are designed to work together as APRA’s operational resilience framework, with CPS 230 explicitly referencing CPS 234 for technology and information security requirements. Intrix assists organisations in building an integrated compliance program that satisfies both standards without duplicating effort.
Stop Treating Compliance as a Cost
Contact Intrix today to build a resilient and competitive financial institution that turns regulatory obligations into strategic advantages