APRA CPS 234 & ISO 27001 Compliance & Gap Assessment
eStorm Australia assists financial and insurance firms in identifying and meeting the requirements outlined in APRA CPS 234 and ISO 27001. Achieve compliance today, with minimal disruption to your daily operations
Fast-track APRA CPS 234 Compliance & ISO 27001 Certification with eStorm Australia
Your financial or insurance organisation may already have cyber and information security policies and procedures in place, but are they enough to meet the requirements of APRA CPS 234? eStorm can help you find out!
With rises in the frequency and sophistication of cyber-attacks globally, regulations are continually evolving to stay on top of new threats and risks to information assets. Financial and insurance institutions are disproportionately targeted by adversaries due to confidential data on their networks (such as personally identifiable information and protected health information) that could lead to monetary rewards.
The APRA CPS 234 standard tackles the ever-evolving cyber security threat landscape by requiring APRA-regulated entities to continuously improve on their overall information/cyber security maturity and posture.
We help regulated-entities across Australia meet the requirements for APRA CPS 234 & ISO 27001 certification.
Having gone through the ISO 27001 certification and other regulatory Standards ourselves, we're dedicated to getting your organisation to the finish line no matter the obstacles. Fast-track your certification, achieve CPS 234 compliance, and build lasting effectiveness of your information security management system.
Meeting APRA's regulatory requirements can be an overwhelming, time-consuming and frustrating experience. We can change that. We have helped dozens of businesses across Australia achieve compliance for regulatory standards as seamlessly and painlessly as possible.
From consulting to implementation, eStorm Australia will provide tailored support to achieve your certification and compliance goals no matter where you are in your APRA CPS 234 or ISO 27001 journey. We promise to give you the confidence that your project is compliant with APRA standards and ready to seek official certification.
What is APRA CPS 234?
All entities regulated by APRA are required to adhere to and comply with CPS 234 requirements. CPS 234 is a prudential standard that aims to ensure financial and insurance institutions take measures to be resilient against information security incidents. CPS 234 ensures your organisation has:
- Improved resilience against cyber attacks, data breaches and other security threats
- Adequate risk management and policy frameworks
- Appropriate security controls implemented and tested
- Recognition of the information security risks and threats unique to your institution
- Awareness of the designated information security tasks, roles and responsibilities within in your organisation
- Identified your information/cyber security posture and maturity
- Designed an incident response plan for notifiable cyber security incidents
What is ISO 27001?
Covering aspects of information security, physical security, cyber security, data privacy, and business improvement, ISO 27001 is the global benchmark of security and management standards. The benefits of ISO 27001 certification include:
- Competitive advantages and partner/client confidence by proving your organisation is committed to the protection of information and sensitive data
- Identifies risks posing a threat to your organisation and objectives
- Designed to comply with relevant laws and regulatory requirements globally
- Delivers a risk-based framework for enhancing security and business development procedures
- Provides peace of mind that your sensitive data is resilient towards evolving cyber attack trends
Combine APRA CPS 234 & ISO 27001 Certification
While APRA CPS 234 and ISO 27001 are seperate standards, there are many correlations between the two. We advise financial and insurance institutions to achieve ISO 27001 certification for a number of reasons, with the main reason being this: ISO 27001 facilitates APRA CPS 234 compliance.
Yes, you heard that right. Certification can make APRA compliance EASIER. Why? Because ISO 27001 is globally recognised as the leading information security management system, and covers every aspect of your information security. It was designed to comply with legal and prudential standards around the globe, including CPS 234.
Furthermore, most, if not all, of the requirements in CPS 234 align with the ISO 27001 Annex A controls. This means achieving ISO certification will clearly evidence you have implemented the necessary controls to meet the requirements for compliance. View this PDF for an in depth side-by-side view of the ISO 27001 controls matching each CPS 234 requirement.
eStorm's APRA CPS 234 Compliance & Assessment Services
eStorm Australia offers a host of APRA CPS 234 & ISO 27001 services ranging from complete end-to-end implementation to get you certified and compliant, gap assessments to identify compliance issues, recommendations for improvements, and more.
Our APRA CPS 234 and ISO 27001 cyber security audit assesses your practices to determine where your controls are lacking and how they currently map to APRA CPS 234 and ISO 27001. The audit will identify glaring risks in your IT and information security while also determining your current security sophistication and maturity.
We have extensive experience helping organisations in the financial industry solve their cyber and information security challenges. We understand one size doesn't fit all, so we work closely with key business leaders and stakeholders to create a compliance strategy that is tailored to the specific requirements of your business.
eStorm Australia adopts a pragmatic approach when assessing your organisation's compliance against APRA CPS 234 and ISO 27001. Our gap assessment provides a set of recommendations that address identified gaps against APRA CPS 234, plus any improvement opportunities to strengthen exisiting controls.
It's vitally important you implement the security controls in a way that aligns with the requirements to achieve certification. We can assist with deploying security solutions and effectively implementing the security controls, with minimal disruptions to your daily operations.
Get a 77% headstart with eStorm & ISMS.online
Pre-configured ISO 27001 Requirements
ISMS.online's ISO 27001 solution comes pre-configured and saves you time from setting up your own complicated folder structures, permissions and version controls which can often end up messy and difficult to follow.
Toolkits & Templates
ISMS.online provides a plethora of tools to effortlessly achieve ISO 27001 compliance while supporting business continuity. The platform comes pre-configured with ISMS elements you need for success, such as risk registers, an interested parties map, asset inventory, incident management, procedure documentation, staff awareness/compliance assurance, and much more!
Assured Results Method
The ISMS.online Rest Assured Results Method lays out a clear and practical path to first time ISO 27001 success. The method shows you how to take advantage of shortcuts and avoid pitfalls and shares simple, practical guidance through to certification.
Achieving APRA CPS 234 Compliance can be an overwhelming, time-consuming and frustrating experience.
We can change that.
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