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UK pension schemes reveal 4,000% rise in cyber security breaches

UK pension scheme trustees are urged to ensure robust cybersecurity measures are in place, following a staggering 4,000% increase in data breach reports to the Information Commissioner’s Office in the year to June 2023, with pension schemes being the most targeted. Lawyers at RPC stress that trustees can be liable if cybersecurity risks are not managed correctly, and suggest they understand their cyber footprint, establish secure policies and consider cyber insurance.

Source: www.pensionsage.com –

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