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

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Admin / Technology

Pension administrator capacity biggest obstacle to buyout, LCP finds

Pension administrator capacity biggest obstacle to buyout, LCP finds

LCP says schemes at risk of being caught in ‘bottlenecks’ due to lack of administrator bandwidth

Martin Richmond
clock 18 December 2024 • 2 min read
Aptia partners with HSBC on pension payments

Aptia partners with HSBC on pension payments

Partnership will see firm adopt bank’s payment pre-validation API to reduce risk of errors or fraud

Martin Richmond
clock 16 December 2024 • 1 min read
Majority of asset managers using AI to support investment research

Majority of asset managers using AI to support investment research

XPS analysis finds four-fifths using a form of AI to improve their internal business efficiency

Martin Richmond
clock 12 December 2024 • 3 min read
Trustpilot