Financial institutions will be expected to exhaustively evaluate the information-security practices of strategic partners and service providers from July 1, as new CPS234 regulations take effect in a process that will light a fire under industry compliance efforts and threaten banks with fines if they dont stop cyberattacks. The new regulations compliance extends well past the IT risk, and governance fiefdoms, experts say. One cybersecurity expert believes the new regulations should have offered more guidance around red-teaming strategies which a growing number of organisations recognise as being prudent part of any cybersecurity defence.”]