Check out the latest PFO article from PASA Board Director, David Pharo.
At PASA we too recognise the risks associated with this issue and have developed our first new Standard since the original set of PASA Standards were introduced, focused on Cybercrime. The new Standard will be complemented by standalone Cybercrime Guidance. Both will be published in September 2020. These are intended to provide guidance for both third party and in-house administrators on the risks associated with cybercrime. The new Cybercrime Standard will join the current suite of PASA Standards to form the framework against which all PASA Accredited administrators are audited. We encourage all pensions administrators to complete assessments to measure the extent to which they meet these standards.