Part of APRA's 2020-2024 Cyber Security Strategy included a CPS234 tripartite cyber assessment program. This assessment program is the largest study of its kind and involves a compliance assessment of more than 300 banks, insurers, and superannuation trustees by the end of 2023.
The CPS234 tripartite assessment, following a successful pilot completed in mid-2021 has continued through 2022-23. A summary of the first round of findings from the initial assessments have been released and they show consistent gaps throughout the industry.