APRA CPS 234 Compliance Automation
Automate APRA Prudential Standard CPS 234 inside CATAAM — Board accountability, control implementation, systematic control-effectiveness testing, incident management, APRA notification and third-party assurance. Cross-mapped to ISO 27001 and SOC 2 — and the only platform that also proves your controls work.
Where CPS 234 stands today
CPS 234 is a mandatory APRA Prudential Standard for regulated entities — banks, insurers and superannuation licensees — and sits alongside the newer CPS 230 operational-risk standard. It is enforced, board-accountable and audit-heavy. Because its governance, incident and vendor requirements overlap closely with ISO 27001 and SOC 2, CATAAM lets a certified entity reuse most of its evidence and focus on the APRA-specific pieces — explicit Board accountability, the notification duty, and systematic control-effectiveness testing.
Every CPS 234 requirement, covered
CATAAM ships CPS 234 as a first-class framework across all ten requirement areas — with technical and testing controls validated by native tests and governance/process controls tracked with managed evidence.
Roles & Responsibilities
The Board is ultimately responsible for information security and ensures the entity maintains security commensurate with the size and extent of threats to its information assets; roles across the Board, management and individuals are clearly defined.
Information Security Capability
Maintain an information-security capability — people, processes and technology — commensurate with the threats, including for information assets managed by related parties and third parties.
Policy Framework
Maintain an information-security policy framework commensurate with your exposures that directs the responsibilities of everyone with an obligation to maintain information security.
Asset Identification & Classification
Classify information assets — including those managed by third parties — by criticality and sensitivity, reflecting the potential impact of an incident on the entity and the interests of depositors, policyholders and customers.
Implementation of Controls
Implement information-security controls commensurate with threats, asset criticality and sensitivity, life-cycle stage and the consequences of an incident — across all information assets, including third-party-managed ones.
Incident Management
Maintain robust mechanisms to detect and respond to incidents in a timely manner, with response plans that are reviewed and tested at least annually and address escalation and reporting.
Testing Control Effectiveness
Run a systematic testing program whose nature and frequency are driven by the rate of change, asset criticality, incident consequences and third-party risk — and remediate deficiencies. This is where CATAAM’s testing and pen testing map directly.
Internal Audit
Internal audit reviews the design and operating effectiveness of information-security controls, including those maintained by third parties, performed by suitably skilled individuals.
APRA Notification
Notify APRA within 72 hours of a material information-security incident, and within 10 business days of a material control weakness that cannot be remediated in a timely manner.
Management of Third Parties
Where information assets are managed by related or third parties, evaluate and manage their security capability and controls, obtain assurance commensurate with criticality, and embed your requirements and notification obligations in the arrangement.
Prove control effectiveness — don’t just claim it
CPS 234 is unusual among frameworks in explicitly requiring you to test that controls work — systematically, with frequency tied to asset criticality and third-party risk. Most GRC tools can document a control but not demonstrate its effectiveness. CATAAM validates each control with an evidence-gated test and then goes further: as an attack-surface and breach-simulation platform, it attacks your own environment to prove controls actually hold, feeding those results straight into your CPS 234 testing evidence for internal audit and APRA.
One evidence set, cross-mapped: satisfy CPS 234, ISO 27001 and SOC 2 from the same controls, so the multi-framework burden doesn’t multiply.
How it works
Enrol and inherit the CPS 234 program
Enrol your organization in APRA CPS 234. CATAAM scaffolds the full control set across all ten requirement areas and inherits a library of governance, incident-response, asset-classification and third-party policies automatically.
Reuse your ISO 27001 / SOC 2 work
CPS 234 overlaps heavily with ISO 27001 and SOC 2 governance, incident and vendor controls. CATAAM cross-maps a single evidence set, so a certified entity is already most of the way there and only builds the APRA-specific requirements — Board accountability, the notification duty and third-party assurance.
Test control effectiveness — systematically
CPS 234 demands you test that controls actually work. CATAAM runs a systematic testing program — evidence-gated control tests plus internal attack-surface management and human-backed penetration testing — with frequency tied to asset criticality, so effectiveness is demonstrated, not assumed.
Stay notification-ready and audit-ready
Keep your incident-response and APRA-notification procedures current for the 72-hour and 10-business-day clocks, evidence your third-party assurance, and hand internal audit or APRA a tokenized, read-only evidence portal.
APRA CPS 234 FAQ
- What is APRA CPS 234 and who must comply?
- CPS 234 is an APRA Prudential Standard on Information Security that is mandatory for all APRA-regulated entities — authorised deposit-taking institutions (banks), general and life insurers, private health insurers, and registrable superannuation entity (RSE) licensees, along with their subsidiaries. It requires these entities to take measures to be resilient against information-security incidents by maintaining an information-security capability commensurate with the threats they face.
- How does CATAAM automate CPS 234 compliance?
- CATAAM ships CPS 234 as a first-class framework covering all ten requirement areas — roles and responsibilities, capability, policy framework, asset classification, control implementation, incident management, control-effectiveness testing, internal audit, APRA notification and third-party management. Technical controls are validated by native tests, governance and process controls are tracked with managed evidence, and the systematic testing requirement is met with real control tests, attack-surface management and penetration testing.
- We already hold ISO 27001 or SOC 2 — how much of CPS 234 is left?
- Most of the heavy lifting is done. CPS 234’s governance, asset-classification, control-implementation, incident-management and third-party requirements map closely to ISO 27001 and SOC 2, and CATAAM cross-maps a single evidence set across them. A certified entity auto-satisfies much of CPS 234 and focuses on the APRA-specific pieces: explicit Board accountability, the APRA notification duty, and formal assurance over information assets managed by third and related parties.
- What are the CPS 234 notification timeframes?
- A regulated entity must notify APRA as soon as possible and no later than 72 hours after becoming aware of an information-security incident that materially affected, or had the potential to materially affect, the entity or the interests of its customers — and no later than 10 business days after becoming aware of a material information-security control weakness it cannot remediate in a timely manner. CATAAM keeps the incident and control-weakness evidence current so these are ready to file.
- How does CATAAM satisfy the control-effectiveness testing requirement?
- CPS 234 requires you to test the effectiveness of your controls through a systematic program whose frequency reflects the rate of change, asset criticality and third-party risk. This is a natural fit for CATAAM: beyond evidence-gated control tests, it runs internal attack-surface management and human-backed penetration testing against your own environment, so you can demonstrate to internal audit and APRA that controls genuinely work — the standard’s hardest requirement, met with real evidence rather than assertion.
WATCH
APRA CPS 234, explained
Two minutes: what CPS 234 requires, who it binds, the 72-hour and 10-day notification clocks, how it overlaps with ISO 27001 and SOC 2, and how CATAAM automates it with continuous testing.
Get CPS 234-ready with CATAAM
Enrol in the CPS 234 framework, reuse your ISO 27001 and SOC 2 evidence, and prove your controls actually work with systematic testing — transparently priced from $149/mo.