Jordan Fremont is quoted in Benefits Canada on the risks of cybersecurity breaches for pension funds, explaining that if attacks like the Colonial shutdown are not enough to scare pension plan sponsors into action, recent regulatory developments provide an added incentive to boost cybersecurity.
He says, “The first step for pensions is understanding and identifying risks and the second is setting out policies and procedures that help to manage and mitigate those risks. It has to be specific to each plan—it can’t be one size fits all—and it has to continue to evolve as the threats and risks evolve.”
Read the full article on the Benefits Canada website.