Skip to content

Comparison between PCI-DSS and APRA CPS 234


Overview

PCI-DSS and APRA CPS 234 are both security standards which are designed to protect customer data and ensure the security of financial institutions. PCI-DSS is a set of security standards developed by the Payment Card Industry Security Standards Council and is primarily focused on protecting credit card data. APRA CPS 234 is an Australian standard developed by the Australian Prudential Regulation Authority and is focused on the protection of customer data in the banking and insurance sectors. Both standards require the implementation of security measures such as encryption, access control, and system hardening. However, APRA CPS 234 is more comprehensive than PCI-DSS and is tailored to the specific needs of the banking and insurance sectors.



What is PCI-DSS?

The Payment Card Industry Data Security Standard (PCI-DSS) is an information security standard created by the Payment Card Industry Security Standards Council (PCI SSC) to protect cardholder data. The standard is designed to ensure that organizations that process, store, or transmit credit card information maintain a secure environment. The standard applies to any organization that processes, stores, or transmits cardholder data, regardless of size or the number of transactions. It requires organizations to implement physical, technical, and administrative security measures to protect cardholder data. PCI-DSS is a set of requirements that organizations must adhere to in order to be compliant with the standard. The requirements include, but are not limited to, the use of firewalls, encryption, access control, and logging and monitoring. Organizations must also conduct regular security assessments and audits to ensure that their systems are secure. Organizations must also ensure that any third-party service providers that handle cardholder data are also compliant with the standard.



What is APRA CPS 234?

The Australian Prudential Regulation Authority (APRA) CPS 234 is a cybersecurity standard issued by the APRA to protect the financial systems of Australian banks, insurance companies, and other financial institutions. The standard is designed to ensure that these organizations have appropriate security measures in place to protect the confidentiality, integrity, and availability of their systems and data. The standard outlines a set of security controls and requirements that organizations must meet in order to be compliant. These requirements include the implementation of a risk management framework, the implementation of technical security controls, and the development of an incident response plan. The standard also requires organizations to regularly monitor their systems and review their security policies and procedures.



A Comparison Between PCI-DSS and APRA CPS 234

1. Both standards are designed to protect the security of sensitive data.

2. Both standards require organizations to have a comprehensive security program in place.

3. Both standards require organizations to conduct regular risk assessments.

4. Both standards require organizations to have effective access control measures in place.

5. Both standards require organizations to have strong authentication measures in place.

6. Both standards require organizations to have monitoring and logging capabilities in place.

7. Both standards require organizations to have an incident response plan in place.

8. Both standards require organizations to maintain up-to-date security policies and procedures.

9. Both standards require organizations to have regular security awareness training for staff.

10. Both standards require organizations to have regular vulnerability scans and penetration tests.



The Key Differences Between PCI-DSS and APRA CPS 234

1. PCI-DSS is a global standard, while APRA CPS 234 is an Australian specific standard.

2. PCI-DSS is focused on payment card industry, while APRA CPS 234 applies to all industries.

3. PCI-DSS is focused on data security, while APRA CPS 234 is focused on information security.

4. PCI-DSS focuses on technical controls, while APRA CPS 234 focuses on both technical and non-technical controls.

5. PCI-DSS is focused on the protection of cardholder data, while APRA CPS 234 is focused on the protection of all sensitive information.

6. PCI-DSS requires regular vulnerability scans, while APRA CPS 234 does not.

7. PCI-DSS has specific requirements for encryption, while APRA CPS 234 does not.

8. PCI-DSS requires organizations to implement access control measures, while APRA CPS 234 requires organizations to implement identity and access management measures.

9. PCI-DSS requires organizations to implement logging and monitoring measures, while APRA CPS 234 requires organizations to implement event logging and monitoring measures.

10. PCI-DSS requires organizations to implement security awareness and training measures, while APRA CPS 234 does not.