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
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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...

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