Cyber-attacks continue to grow at an unprecedented rate and the need for cyber resilience is stronger than ever!
Our Pensions team, including our data protection / cyber security specialists, can provide expert legal support to help manage and reduce your pension scheme’s cyber risk. Building cyber resilience should be a key priority of every pension scheme, reflecting the Pensions Regulator’s position that schemes should prepare for when, rather than if, a cyber incident occurs.
We have a breadth of experience on how to prepare for, and how to deal with, the prospect of a cyber-attack on your pension scheme.
We can provide you with practical hints, tips, and measures to support you on your journey, this includes the resources you find below.
Cyber Security Compliance - Trustee Checklist
Cyber Security Package
We have identified a series of fundamental steps which trustees should complete to ensure that they meet minimum standards for managing cyber risk. Our Cyber Security Package is made up of the five elements set out in the table below. This package is aimed at schemes with little or no existing cyber resilience and can be offered at a fixed price. We can also tailor our offering to include additional bolt-ons where this appropriate for the Scheme.
Please contact Richard Pettit or Samantha Howell for further information about our Cyber Security Package, including information about our fixed price.
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Cyber Security Policy
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This comprehensive document sets out how the pension scheme manages and mitigates its cyber risk.
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Cyber Security Incident Response Plan
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This plan sets out how trustees will respond to a cyber incident, including what support trustees will need and where it would come from. |
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Cyber Security Best Practice Framework and Assessment
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This document supports trustees in building their pension scheme’s cyber resilience in line with best practice. It then enables them to assess and monitor their pension scheme’s cyber resilience.
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Cyber Hygiene Quick Reference Guide
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This is a quick reference guide which:
- Provides an overview of the pension scheme’s approach and key cyber documents;
- Sets out practical tips which trustees can refer to on a day-to-day basis; and
- Contains contact details for key advisers and stakeholders in the event of a cyber incident.
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Basic cyber security training
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Trustees should receive regular cyber security training, to ensure they understand the nature and impact of cybercrime and its evolving threats. Trustees should be aware of and familiar with the Pensions Regulator’s guidance on cyber security principles. |
Training
Maintaining robust cyber security is imperative within the pensions industry. We are providing PMI accredited cyber security training in November which aims to help professionals in the pension sector navigate the evolving landscape of cyber security.
The training will shed light on the latest cybersecurity threats, trends, and best practices tailored specifically for the pensions sector.
Find out more >
Tools
Pension Schemes ESG Tool
Our interactive guide aims to simplify ESG requirements for UK pension schemes for scheme trustees and sponsoring employers
Find out more >
Pension Schemes Act Triage Tool
This tool provides an interactive summary guide for the business community and trustees to understand more about the new regulatory powers, the key defences and the practical steps to consider for certain business events.
Find out more >
UK Pensions for International Companies –Triage Tool
Our interactive guide aims to simplify UK pensions for International Companies on a broad range of UK pensions issues.
Find out more >
Webinars
Cyber security for pension schemes - the blue hats and the red hats
In this webinar, we focused on the preventative (blue hat) and reactive (red hat) measures which can reduce cyber risk for pension schemes.
Watch now >
Cyber Security and Pension Schemes
In this on-demand webinar, we focussed on how to mitigate the effects of the significant cyber crime threats facing the pensions industry today.
Watch now >
The Burges Salmon Pensions Pod