What does the Capita cyber incident mean for pension schemes?

Samantha Howell says schemes must ensure policies and procedures are in place

clock • 4 min read
Burges Salmon senior pensions associate Samantha Howell
Image:

Burges Salmon senior pensions associate Samantha Howell

Cybercrime is arguably the biggest single risk for pension schemes, given that the potential fall out of any cyber incident includes the potential to prevent pensioner payroll taking place or compromising a scheme’s data or investments.

Until now, the pensions industry has been relatively slow to react to this risk - acknowledging that it is there, but often not considering it high enough up the priority list given all of the othe...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Admin / Technology

PASA re-accredits seven corporate members

PASA re-accredits seven corporate members

Members include consultancies, law and trustee firms, LGPS funds, and the UKPNPS

Jasmine Urquhart
clock 09 May 2024 • 1 min read
PDP publishes updated data standards

PDP publishes updated data standards

Update sets out data requirements for finding and viewing pensions information

Jasmine Urquhart
clock 01 May 2024 • 1 min read
FCA publishes dashboard modification

FCA publishes dashboard modification

Modification means firms will be COBS 19.11 compliant when they connect to CDA

Jasmine Urquhart
clock 30 April 2024 • 1 min read
Trustpilot