Enabling APRA CPS 234 Compliance with Saviynt Identity Cloud

On February 22, 2024, the Office of the Australian Information Commissioner reported1 that between July 1, 2023, and December 31, 2024, organisations had sent 483 notifications under the Notifiable Data Breaches scheme, up 19%. The report attributed 30% of the breaches to human error, 67% to malicious or criminal attacks, and 3% to system faults.

Minimising the likelihood and impact of such information security incidents on the confidentiality, integrity, or availability of information assets, including those managed by related parties or third parties, is a key objective of the Australian Prudential Regulation Authority’s (APRA) Australian Prudential Standard CPS 234.