Securing Peace of Mind for Pension Schemes Trustees with Exponential-e.

You should ensure sufficient understanding of your cyber risk.

As prescribed by the Pensions Regulator, an initial gap analysis conducted by Exponential-e will help you build a mature risk assessment policy. This will help achieve best practice and deep industry experience around IT risk within your scheme’s internal and external operations and processes. We advocate performing a review to establish where you are today vs. where you need to be, in order to maintain compliance.

For internal aspects, Cyber Essentials is the industry-leading standard for basic cyber security, provided by the NCSC (National Cyber Security Centre). Exponential-e provides a comprehensive readiness assessment, conducted by an IT security expert, ensuring that your scheme will be 100% prepared to pass the Cyber Essentials self-assessment. Externally, we advocate using an industry expert, such as Exponential-e, to audit third parties, evaluating and documenting the risk presented.

If you don’t know where you are going, any road will get your there.

Schemes manage significant amounts of valuable data that traverses multiple organisations. The Pensions Regulator advises nominating a trustee to serve as a lead on data protection and the wider ramifications for policy, processes and IT security.

Our Virtual Chief Information Security Officer (vCISO) and Virtual Data Protection Officer (vDPO) services offer you direct access to the experience and expertise of a leading cyber security professional, who will take primary responsibility for your scheme’s compliance obligations and provide hands-on support around its data protection challenges, allowing you to stay ahead as new legal and regulatory developments impact your scheme’s operations.

If the device is smart, it’s vulnerable

The Pensions Regulator stipulates that the trustee responsible for a scheme’s IT is obligated to act to reduce the likelihood of cyber incidents and to detect when an incident occurs. A primary vulnerability of a scheme is the devices its trustees utilise.

Laptops, mobile phones, tablets, and any device that accesses scheme data are gateways for bad actors to execute malicious attacks. Exponential-e will provide the tools to minimise risk through appropriate and proportionate device and security solutions, delivering Peace of Mind as-a-Service to trustees, in compliance with the TPR’s section on Maintenance of IT Systems.

The killer is being surrounded by a web of deduction, forensic science and the latest in technology.

Cyber security is at the top of the Pensions Regulator’s agenda, and they recently issued guidance on how schemes should respond in the event of a cyber-related incident.

Exponential-e can offer support in the event your scheme is compromised by a cyber-attack, via a fast and effective incident response service. This is needed to establish the impact of the incident on your scheme’s functions and the resulting risk. Having an effective response that is documented and aligned to your scheme’s existing policies and controls can help mitigate personal liability and support effective reporting to the ICO and governing bodies, where required.

If you know the enemy and know yourself, you need not fear the result of a hundred battles.

IT Security Training is a highly effective option for organisations with a small number of people, but who own and operate high-value assets, such as pension funds.

We offer a universally accessible training course that enables your scheme’s trustees to clearly understand how the technology they use plays a key role in helping secure against the latest cyber threats. The training covers the methods attackers will leverage to exploit your scheme and the best practice to protect against cybercrime and bad actors.