A recent analysis by Eversheds Sutherland has highlighted a significant increase in cyber incidents reported by the pensions sector to the Information Commissioner’s Office (ICO).
According to data from the ICO, pension-related cyber incidents reached a peak of 242 in the second quarter of 2023, with informal action taken on 199 of these incidents. In contrast, during the third quarter, incidents drastically declined to just 13 reports, with only six resulting in informal action. An ICO spokesperson told PensionAge that the surge in reports was attributable to the Capita data breach, which occurred in mid-2023.
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