Caroline Marshall comments on cyber security in Pensions Aspects

Associate, Caroline Marshall comments on cyber security and the risks to pensions schemes.

A cyber incident can mean loss, disruption or damage to a scheme as a result of failures in IT systems and processes, posing risks to data security as well as assets. Pension schemes are a particularly lucrative target for cyber criminals, due to the large volume of member data and assets they hold. Despite this, TPR’s findings suggest that schemes could be doing more when it comes to managing their risks.