ASIC Cyber Resilience Good Practices
The Australian Securities and Investments Commission sets expectations for cyber resilience of regulated entities in the financial services sector. Based on ASIC Report 429 (2015) and Report 716 (2022), it outlines good practices for boards and management in managing cyber security risks. Applies to Australian financial services licensees, credit licensees, and market operators.
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Framework Domains (5)
Board and Governance
Board-level oversight and governance of cyber resilience
| Code | Title |
|---|---|
| ASIC-CYB-GOV-1 | Board Oversight of Cyber Risk |
| ASIC-CYB-GOV-2 | Cyber Risk in Enterprise Risk Management |
| ASIC-CYB-GOV-3 | Cyber Security Investment |
| ASIC-CYB-GOV-4 | Regular Reporting |
Detect and Respond
Monitoring, detection, and incident response
| Code | Title |
|---|---|
| ASIC-CYB-DR-1 | Continuous Monitoring |
| ASIC-CYB-DR-2 | Incident Response Plan |
| ASIC-CYB-DR-3 | Incident Reporting |
| SWIFT-DET-01 | Logging and Monitoring |
| SWIFT-DET-02 | Malware Protection |
| SWIFT-DET-03 | Software Integrity |
| SWIFT-DET-04 | Cyber Incident Response |
| SWIFT-DET-05 | Transaction Business Controls |
Identify and Protect
Identifying and protecting critical assets and systems
| Code | Title |
|---|---|
| ASIC-CYB-ID-1 | Critical Asset Identification |
| ASIC-CYB-ID-2 | Access Control |
| ASIC-CYB-ID-3 | Patch and Vulnerability Management |
| ASIC-CYB-ID-4 | Configuration Management |
Resilience and Recovery
Business continuity and recovery from cyber incidents
| Code | Title |
|---|---|
| ASIC-CYB-RES-1 | Business Continuity Planning |
| ASIC-CYB-RES-2 | Recovery Testing |
| ASIC-CYB-RES-3 | Resilience by Design |
Third-Party Risk Management
Managing cyber risks from third-party service providers
| Code | Title |
|---|---|
| ASIC-CYB-TP-1 | Third-Party Due Diligence |
| ASIC-CYB-TP-2 | Ongoing Monitoring |
| ASIC-CYB-TP-3 | Contractual Requirements |
Maps to 614 other frameworks
Frequently Asked Questions
What is ASIC Cyber Resilience Good Practices?
ASIC Cyber Resilience Good Practices is a compliance framework from Australia with 5 domains and 22 controls. The Australian Securities and Investments Commission sets expectations for cyber resilience of regulated entities in the financial services sector. Based on ASIC Report 429 (2015) and Report 716 (2022), it outlines good practices for boards and management in managing cyber security risks. Applies to Australian financial services licensees, credit licensees, and market operators. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
How many controls does ASIC Cyber Resilience Good Practices have?
ASIC Cyber Resilience Good Practices has 22 controls organised across 5 domains. The largest domains are Detect and Respond (8 controls), Board and Governance (4 controls), Identify and Protect (4 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
What frameworks does ASIC Cyber Resilience Good Practices map to?
ASIC Cyber Resilience Good Practices maps to 614 other compliance frameworks. The top mapping partners are CSA CCM v4 (59% coverage), Protective Security Policy Framework (PSPF) Release 2024 (55% coverage), HKMA Cyber Resilience Assessment Framework (C-RAF) (55% coverage). Use our comparison tool to explore control-level mappings between frameworks.
How do I get started with ASIC Cyber Resilience Good Practices compliance?
Start your ASIC Cyber Resilience Good Practices compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about ASIC Cyber Resilience Good Practices requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 22 controls and track your progress.
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