With the introduction of APRA’s CPS 230, Australian organisations must reassess how they manage operational risks, ensure continuity, and govern third-party relationships. This report is a must-read for executives, risk officers, and board members of APRA-regulated entities, offering a clear overview of regulatory expectations and actionable strategies for compliance.
Key takeaways include:
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Organisations must enhance board governance and oversight of operational risk.
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There's a requirement to strengthen business continuity planning to handle disruptions.
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Entities need to uplift contracts and management of third-party service providers.
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Implementing CPS 230 starts with a thorough gap analysis of existing practices.
Interactive plays a crucial role in supporting this transition. With 35 years of experience in Business Continuity and Disaster Recovery, they provide end-to-end services that help organisations minimise downtime and ensure compliance. Their integrated cyber security solutions are embedded within continuity planning, offering protection against evolving threats. Through risk assessments, business impact analysis, and structured testing, Interactive helps businesses build robust, tested resilience frameworks.
Reading this report arms leaders with the insights and tools needed to proactively meet CPS 230 standards and build a stronger, more resilient organisation.
