cyber crime – Benefits Canada.com

2024 Top 40 Money Managers Report: How pension plan sponsors are using the latest technology to maintain cybersecurity

bmcgovern — Fri, 10 May 2024 12:56:07 +0000

In the fight against cybercriminals, institutional investors and other financial organizations are managing cybersecurity just as seriously as any other type of business risk, with standards that can accommodate the integration of new practices and assessment tools. “We’re finding that, pension plans included, enterprises more broadly are taking [cybersecurity] more seriously and putting in place […]

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Cyber attack compromises U.K. pension plan members’ personal information

Gideon Scanlon — Thu, 25 May 2023 16:30:03 +0000

The largest administrator of private defined benefit and defined contribution pension plans in the U.K. is revealing details about a cyber attack that compromised the personal information of 470,000 of its members. In a press release, the £82.2-billion Universities Superannuation Scheme said its members’ data was held by external servers that were infiltrated by cyber […]

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DeFi used in 97% of crypto theft: report

Gideon Scanlon — Thu, 12 May 2022 17:15:17 +0000

Decentralized finance technology facilitated more illicit cryptocurrency transactions in the first quarter of 2022 than in any other period, according to a report from Chainalysis Inc. “DeFi protocols have accounted for an ever-growing share of all funds stolen from cryptocurrency platforms since the beginning of 2020 and lost the vast majority of stolen funds in […]

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Phishing and ransomware risks on the rise for pension funds, says expert

Gideon Scanlon — Thu, 02 Sep 2021 17:30:11 +0000

Phishing and ransomware attacks are among the top threats to pension plan sponsors and institutional investors by cyber criminals, according to Jennifer Williams, director of information security at the Healthcare of Ontario Pension Plan. “A common approach by cyber criminals begins with a simple phishing email designed to cause an employee to mistakenly action the […]

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Rising temperatures, global trade collapse, cybercrime top list of extreme risks for investors: report

mschmit — Wed, 11 Sep 2019 05:41:29 +0000

The top three extreme risks for investors to watch are global temperature change, global trade collapse and cyber warfare, according to a new report by Willis Towers Watson’s Thinking Ahead Institute. In the report, extreme risks are considered events that are highly unlikely to occur — but could have a large impact on economic growth […]

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Code: The Next Big Weapon

mschmit — Thu, 07 Aug 2014 02:43:36 +0000

Cyber crime expert Alex Ross asks: what's your organizations defence plan?

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