All Cybersecurity articles – Page 3
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News
Cyber security awareness lags as attacks jump threefold
On the go: A third of respondents to a poll by the Pensions and Lifetime Savings Association confessed they did not know their organisation’s cyber security plans, despite cyber crimes surging by 86 per cent in a single quarter this year.
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Opinion
Shaming those who cop to breaches sweeps cyber problem under rug
The pensions industry has long been criticised for its reliance on paper communications and siloed systems, but times are changing and pensions administration has joined the 21st century.
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Opinion
Reducing business risk from data breaches
Cyber crime is now a major threat to the pensions and savings industry, with growing incidences of data breaches being reported in the press.
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Opinion
Schemes must stay safe as cyber threat heightens
Editor’s blog: “When, not if.” A stark warning from the Pensions Regulator over the threat that cyber crime poses to pensions, if a little obfuscatory given an attack on an administrator had already been launched a few days earlier.
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News
Pensions administrator suffers ransomware attack
Pension companies have been warned to be on their guard against ransomware attacks, after industry insiders confirmed to Pensions Expert that at least one administrator was subjected to a ransomware attack in the past week.
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Podcasts
Podcast: Schemes cannot eliminate chance of cyber breach
Podcast: Pension schemes hold an extraordinary amount of personal data. Though trustees have done much since the passage of the General Data Protection Regulation to improve data security, it is impossible to remove the risk of breaches entirely. So says ITM director Maurice Titley, joined this week by Aon partner Lynda Whitney to discuss cyber security, McCloud, and Covid-19’s impact on recovery plans.
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News
£4m lost to new forms of large-scale fraud
On the go: Fraudsters are targeting investors with new, innovative and large-scale scams, according to a report by the Investment Association published today.
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Features
Does lockdown shift leave pensions exposed to cyber crime?
Analysis: Covid-19 is not the only invisible threat looming over some of the UK’s most vulnerable citizens.
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News
Covid-19: Disruption for DC schemes; social impact woes
While defined contribution trustees are being warned they could be facing more disruption than just investment volatility, institutional investors are calling on companies to mitigate the coronavirus social impact. At the same time, risks of cybersecurity and fraud are on the rise. Read our round-up of pensions and finance news about the coronavirus outbreak.
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News
PASA to tackle cyber crime and fraud with new working group
On the go: The Pensions Administration Standards Association has created a cyber crime and fraud working group, aimed at creating standards to better protect pension schemes and their members.
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News
Maps refuses to give public dashboard launch date
On the go: The chair of the Money and Pensions Service has declined to give a launch date for the public pensions dashboard, since there are too many variables to be considered at this time.
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News
Email attacks on the Pensions Regulator rise 148%
On the go: The Pensions Regulator was the target of more than 343,000 email attacks in 2019, an increase of 148 per cent over last year, according to official data.
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Opinion
Is the pensions industry up to speed on cyber security?
Pension schemes are particularly exposed to the risk of cyber attacks. The funds and personal data held by pension schemes present a lucrative target for cyber criminals, and scheme members and beneficiaries are often not well equipped to protect themselves adequately.
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News
Cyber attacks pose huge risk to portfolios
On the go: Two of the UK’s highest-profile pension schemes have urged fiduciaries to pay more attention to the impact of cyber breaches on the performance of companies they invest in.
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Opinion
Security and accuracy: the pillars of dashboard success
From the blog: The government has called on the industry to develop a pensions dashboard before the end of 2019.
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Opinion
What the regulator’s corporate plan means for pensions administration
At the start of May the Pensions Regulator published its corporate plan for 2018-2021, outlining some of the key areas of focus that would drive its aim of becoming “clearer, quicker and tougher”.
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Opinion
GDPR - A brave new world for the pensions industry
It is easy to imagine bunkers in remote corners of England, hatches locked, filled with trustees who are desperate not to hear any more about the General Data Protection Regulation.
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News
Chatbots, GDPR and scams: Is admin in for a sea change?
Technological advances could mean pensions administration is about to become a lot sexier, but while cyber security evolves humans still need education if the industry is to protect pensions data and money.
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Opinion
Recovering from a data breach
New laws on data protection come into force in the UK on May 25 2018, and will raise the bar on how pension scheme trustees manage their data.
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News
Calls for action on complexity at heart of DB transfer delays
Increased demand for defined benefit pension transfers, lack of transfer experience among independent financial advisers and complexity of DB pensions is adding to transfer delays by putting strain on administrator resources, recent research has shown.
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