Navigating Risk and Compliance in Microsoft 365 for Australian Financial Organisations
Uncover how to strategically identify and manage information security risks for complete regulatory compliance in Australia’s financial industry.
Faced with the rise of AI and the challenge of staying ahead of risk and compliance across Microsoft 365, Australia’s Financial Services Industry (FSI) is at a critical juncture to take advantage of significant opportunities available in today’s technological evolution. While the average Australian breach costs organisations AU$4.33 million, the costs are higher for FSI, with an annual spend of roughly AU$9.32 million — outpacing other industries by 22% and only increasing each year.
This escalating financial exposure makes compliance excellence a business imperative. In the fast-paced landscape of compliance, the FSI must remain vigilant to fully comply with the Australian Prudential Regulation Authority Prudential Standard (APRA CPS), the Payment Card Industry – Data Security Standard (PCI-DSS), and the Australian Privacy Principles (APPs). Yet meeting these regulatory requirements demands more than checkbox compliance. With the industry’s high volume of confidential information, financial organisations must go beyond just classifying sensitive data. They must gain visibility into their Microsoft 365 data to effectively report on information risks, validate their security practices, and proactively protect all critical customer data that they hold.
In this eBook, financial organisations will learn how to:
- Maintain a secure data environment.
- Leverage vital information for better compliance with CPS 220 – Risk Management, CPS 230 – Operational Risk Management, and CPS 234 – Information Security.
- Harness AI to reshape customer expectations and improve operational efficiency.
- Fortify security postures against the growing sophistication of cyberattacks and the financial impact of data breaches.
- Navigate the complexities of APRA CPS, PCI-DSS, and the Privacy Act 1998.
By elevating compliance from a reactive task to a strategic competitive advantage, DSPM offers financial organisations comprehensive protection and underscores a fundamental truth: Proactive security is an imperative, not an option.
