APRA’s Prudential Practice Guide (PPG234) was published in 2010 by the Australian Prudential Regulation Authority (APRA). It provides guidance to regulated financial institutions on how to deal effectively with IT security risks.
This Mapping Guide:
• Summarises the key recommendations from PPG234 such as:
- Use of guiding principles to support the IT security strategy:
- Adoption of an IT security framework of policies, standards, guidelines and procedures;
- Formulation of practical policies to manage security technology solutions;
• Shows how Tier-3 Huntsman®® SIEM technology maps to PPG234’srecommendations.
Key terms and concepts addressed in this mapping guide:
• IT security risk, IT security monitoring; user monitoring, event logging;
• Log Management, compliance monitoring; automated compliance reporting;
• Data loss, data leakage, fraud, misuse, access controls, authentication;
• Real-time monitoring & incident management; reporting and escalation;
• Risk assessment, compliance controls, independent audit, performance monitoring.
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INDUSTRY INSIGHTS
“…now Huntsman analyses the priority and impact of the events as they occur, automatically. It then alerts our teams so they can focus on reducing the risks rather than ploughing through the trial and error process of problem solving.”
Chief Information Security Officer, International Communications Carrier
