Pensions - Articles - Cyber Security the biggest risk for pensions organisations

 Cyber security now poses such a significant issue that Equiniti is sponsoring Queens University Belfast Centre for Secure Information Technologies (CSIT) - the UK’s lead centre for cyber security research and one of the top cyber security clusters in Europe.

 Equiniti is particularly interested in the potential to combat cyber security issues through the biometric technologies being developed at CSIT. Biometric technology could potentially have immediate benefits for increasing efficiency and combating fraud for many of the business areas that Equiniti supports, such as pension and dividend payments internationally.

 Equiniti believes Pensions organisations have the potential to save millions of pounds every year by successfully defending fraud whether through attacks from hackers or reducing fraud.

 Guy Wakeley, Equiniti’s managing director, warns; “Cyber security covers a spectrum of issues and there is no single solution. From our own perspective, we are entrusted to make payments to approximately one in three of the UK’s population; through Equiniti Intelligent Solutions we also deliver managed IT services to some of the most highly regulated organisations in the UK, such as Covert Management Systems for 50 per cent of the UK’s police forces.”

 Stephen Wray, commercial director at CSIT said: “Having Equiniti as a member and collaborative partner helps to apply our cyber security expertise into an even wider range of applications in business. Cyber security is an important element in maintaining trust in business, and we look forward to working with Equiniti to develop new solutions that can be used to limit fraud, increase efficiency and protect extremely sensitive data from malicious cyber attacks.”