APRA Releases Prudential Practice Guide On Managing Data Risk

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The Australian Prudential Regulation Authority ("APRA") has issued the final version of its new prudential practice guide, "Prudential Practice Guide CPG 235 - Managing Data Risk" ("Data Guide"). The Data Guide aims to assist financial institutions, general and life insurance companies and superannuation funds regulated by APRA ("Entities") manage their data risks. This final version of the Data Guide has few changes from the draft released in December 2012.

The Data Guide compliments APRA's earlier IT security guide, Prudential Practice Guide CPG 234 - Management of Security Risk in Information and Information Technology ("IT Guide").

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Topics:  Australia, Banks, Cybersecurity, Data Protection, Insurers, Risk Management, Superannuation

Published In: General Business Updates, Finance & Banking Updates, Insurance Updates, Privacy Updates, Science, Computers & Technology Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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