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Wednesday, December 26, 2012

APRA releases draft guide on managing data risk

Being on holidays I've only had a very cursory look at the guide, but at first view I'll be giving it a full read. It has a good introduction to what is data and data security, I saw a several paragraphs that will be good to use (full referenced of course) in some of my work.

" The Australian Prudential Regulation Authority (APRA) has today released for consultation a draft prudential practice guide on managing data risk for all APRA-regulated institutions.

The draft Prudential Practice Guide 235 Managing Data Risk (PPG 235) sets out what APRA regards as sound practice in managing the main risks associated with data, which is a key asset for all APRA-regulated institutions. The use of data and its application, retention, storage and security have become highly important with increasing automation and the criticality of data to decision-making. "

http://www.apra.gov.au/CrossIndustry/Consultations/Pages/December-2012-Consultation-PPG-235-Managing-Data-Risk.aspx

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