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Cyber Risk Management for Pension Plans

Cyber incidents are a significant risk for all pension plans, regardless of the plan’s size or characteristics.

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Cyber risk management is now squarely on the plates of pension plan administrators in Canada. With an increasing reliance on information technology (IT) for plan operations and administration, pension plans are exposed to mounting risks from cyber criminals and from potential technology failures or disruptions. The potential impacts of these risks are now too significant for administrators to just assume that others (such as IT departments or service providers) have everything under control.