A lack of adequate cyber security can have a huge impact on investment performance, so asset owners should take action to minimise such risks within their portfolio companies, says a new report by two British pension funds, with clear implications for their peers elsewhere.
Corporates cannot predict when cyber-attacks will happen but they must assume that they will and become more resistant to them, argue RPMI Railpen, the retirement plan provider for the UK rail industry, and Nest, an occupational scheme provider. The duo have analysed the fallout from cyber-attacks and how they are approaching the topic.