🔍 Regulatory Compliance Framework Assessment¶
📋 Overview¶
This document provides a comprehensive assessment of GetCimple's alignment with key regulatory standards and compliance frameworks relevant to Australian businesses, particularly those in regulated industries and handling sensitive data.
🎯 Assessment Scope¶
GetCimple's governance-first approach to cybersecurity compliance positions it to support multiple regulatory frameworks while maintaining focus on board-level oversight rather than technical implementation mandates.
📊 Core MVP Frameworks¶
🏛️ Australian Regulatory Environment¶
Essential Eight - ✅ Core Framework¶
Applicability: All Australian organizations, mandatory for government suppliers
GetCimple Alignment:
- ✅ Maturity Assessment: Track and improve Essential Eight maturity levels (ML0-ML3)
- ✅ Control Implementation: Monitor all 8 essential mitigation strategies
- ✅ Evidence Collection: Document compliance for each control
- ✅ Progress Tracking: Visual dashboards showing improvement over time
- ✅ Board Reporting: Executive-friendly compliance summaries
Evidence Sources:
- Essential Eight maturity assessments and tracking
- Control implementation evidence
- Quarterly progress reports
- Board-ready compliance dashboards
Section 180 Directors' Duties - ✅ Directly Addresses¶
Applicability: All company directors
GetCimple Alignment:
- ✅ Director Due Diligence: Governance evidence repository for demonstrating reasonable care
- ✅ Decision Documentation: Audit trail of governance decisions and approvals
- ✅ Risk Management: Risk register and acceptance processes with clear accountability
- ✅ Information Access: Director dashboards providing appropriate oversight information
- ✅ Expert Advice: Framework for engaging security expertise while maintaining governance oversight
Evidence Sources:
- Director dashboard and governance reporting
- Risk register and acceptance workflows
- Policy approval and evidence collection processes
Privacy Act 1988 (including Notifiable Data Breaches) - ✅ Supported¶
Applicability: Organizations with annual turnover >$3M, all credit reporting bodies, health service providers
GetCimple Alignment:
- ✅ Breach Assessment: Incident classification and impact assessment procedures
- ✅ Notification Processes: Regulatory reporting workflows including OAIC notifications
- ✅ Record Keeping: Comprehensive audit logging and evidence management
- ✅ Privacy by Design: Multi-tenant data isolation and access controls
- ✅ Governance Oversight: Director visibility into privacy incident management
Evidence Sources:
- Incident response and regulatory reporting processes
- Multi-tenant data isolation architecture
- Audit and compliance reporting capabilities
ACSC Guidelines - ✅ Integrated¶
Applicability: Best practice guidance for all Australian organizations
GetCimple Alignment:
- ✅ Alert Management: Track and respond to ACSC advisories
- ✅ Guidance Implementation: Follow ACSC recommended practices
- ✅ Threat Intelligence: Incorporate ACSC threat updates
- ✅ Reporting Integration: Align with ACSC reporting requirements
Evidence Sources:
- ACSC alert tracking and response procedures
- Implementation of ACSC guidance
- Threat intelligence integration
APRA CPS 234 - ✅ Targeted Support¶
Applicability: APRA-regulated entities (banks, insurers, superannuation trustees)
GetCimple Alignment:
- ✅ Information Security Capability: Evidence collection for security control effectiveness
- ✅ Board Governance: Director-level risk oversight and reporting frameworks
- ✅ Business Continuity Planning: Integration with incident response procedures
- ✅ Third-Party Risk Management: Vendor risk assessment tracking
- ✅ Testing and Assurance: Evidence collection for control testing
Evidence Sources:
- Security control effectiveness reporting
- Board-level risk governance documentation
- Third-party risk assessment procedures
- Control testing and assurance records
Corporations Act - ✅ Core Coverage¶
Applicability: All Australian corporations and their directors
GetCimple Alignment:
- ✅ Director Due Diligence: Section 180 compliance through documented governance oversight
- ✅ Risk Management: Section 181 compliance via clear risk acceptance processes
- ✅ Disclosure Requirements: Transparent reporting of material cybersecurity risks
- ✅ Business Judgment Rule: Evidence supporting reasonable business decisions
- ✅ Continuous Disclosure: Framework for cybersecurity incident materiality assessment
Evidence Sources:
- Director governance activities and oversight evidence
- Risk management decision documentation
- Material risk disclosure procedures
- Business judgment supporting documentation
🔧 Implementation Readiness Assessment¶
Immediate Compliance Support (MVP Ready)¶
GetCimple's current design directly supports:
-
Essential Eight Compliance
-
Maturity level tracking (ML0-ML3)
- Control implementation monitoring
- Evidence collection and management
-
Board-level progress reporting
-
Section 180 Compliance
-
Director due diligence evidence
- Governance decision documentation
- Risk management oversight
-
Clear audit trails
-
Privacy Act Compliance
-
Incident classification and reporting
- Regulatory notification workflows
-
Data protection controls
-
ACSC Guidelines
- Alert tracking and response
- Best practice implementation
- Threat intelligence integration
📊 Compliance Metrics and KPIs¶
Regulatory Alignment Metrics¶
- Framework coverage percentage
- Control implementation completeness
- Evidence collection effectiveness
- Regulatory reporting timeliness
Governance Effectiveness Metrics¶
- Director engagement with compliance oversight
- Risk acceptance and management effectiveness
- Policy approval and implementation rates
- Incident response and reporting efficiency
Audit Readiness Metrics¶
- Evidence completeness for external audits
- Control testing and validation coverage
- Documentation quality and accessibility
- Stakeholder satisfaction with compliance support
🔗 Related Documentation¶
📅 Assessment Review Schedule¶
- Quarterly Review: Update for regulatory changes and framework updates
- Annual Comprehensive Review: Full gap analysis and strategy update
- Event-Driven Review: Assessment updates following significant regulatory changes
Assessment Status: Current as of [Timeline based on progress] Next Review: [Timeline based on progress] Assessment Team: Compliance, Legal, Technical Architecture, Product Strategy