Cyber incidents at Australian financial institutions aren’t hypothetical anymore — they’re front-page news, and APRA’s response has been to put information security squarely on the Board’s desk.
CPS 234 is the prudential standard that makes information security a governance responsibility, not just an IT problem, and it applies to every APRA-regulated entity: banks, insurers and superannuation trustees alike.
We’ve just released a new self-paced eLearning module on CPS 234 — part of our four-module APRA Prudential Standards series — built to make this standard genuinely understandable in under half an hour.
What the module covers
The module walks through what CPS 234 actually requires in plain business language before connecting it to the regulatory detail: Board accountability for information security, classifying information assets by sensitivity, implementing security controls proportionate to that classification, managing third-party and vendor security risk, and notifying APRA of material security incidents within the required timeframes.
Who it’s for
People exploring financial services: a clear, accurate picture of how institutions are expected to protect data and systems — no prior risk or compliance background needed.
People starting out: anyone stepping into a role that touches data, systems or vendor relationships gets oriented quickly on what’s expected of them from day one.
All employees: a useful refresher given how often security incidents start with everyday behaviour — and a structured way to keep knowledge current as the standard evolves.
Content approach, activities and video
Like every module in the series, this one leads with plain business language and layers in regulatory terminology only once the underlying idea is clear. It includes hands-on, exploratory interactive activities — not multiple-choice quizzes dressed up as interactivity — covering how to classify information assets, build out security controls, and work through a vendor due-diligence checklist. Short, presenter-led video segments bring the standard to life, drawing on real industry experience to show what good practice looks like in an actual institution, not just on paper.
| 20–30 MINUTES, START TO FINISH Long enough to genuinely cover the standard, short enough to fit into a real workday — with a short knowledge check at the end for compliance attestation and training records. |
Part of the full series
CPS 234 is one of four modules in our APRA Prudential Standards eLearning Series, alongside CPS 220 (Risk Management), CPS 230 (Operational Risk Management) and CPS 510/511/520 (Governance, Remuneration & Fit and Proper).
Learn more about all of our APRA training modules.
All four are available individually or together as a bundle at academy.metariskeducation.com.