Large-scale infrastructure may offer predictable returns for investors, but it’s vulnerable to hackers. Gavin Lillywhite explains how asset managers and pension trustees can reduce their exposure
We’re all aware of the ever-increasing cyber risk in both our personal lives, workplace and wider society. As consumers we hand over ever-increasing volumes of valuable personal data in the expectation that organisations will invest in robust cyber security to protect it and keep it secure. Legislation also exists to drive standards through UK General Data Protection Regulation (GDPR) with the potential for up to a 4 per cent fine on global turnover for companies failing to adhere.
But what about our investments and pensions, are they as safe and is it time investible assets carried a cyber risk assessment grading? Should potential investment losses be better mitigated now, and should investment managers be more transparent and subject to similar fines?
Private investment in large-scale infrastructure is commonplace, asset managers and infrastructure funds invest in stable revenue-generating assets including renewable energy, utilities and…
