PRAG updates guidance on cybercrime protection as 43 pension organisations report breaches to ICO over past two years
The Pensions Research Accountants Group (PRAG) has published updated guidance to help trustees protect their schemes from cybercrime.
The Pensions Management Institute (PMI) has reported itself to the Information Commissioner’s Office following a cyber-attack which resulted in hackers gaining access to the names and email addresses of around 1,700 people.
Schemes and administrators have been urged to strengthen their cybercrime resilience after heightened criminal interest in the sector.
This year will see consolidation, cyber risk and cost transparency dominate the industry's focus as schemes bid to improve value for money and meet data protection requirements.
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