Warning icon on a digital LCD display with reflection. Concept of cyber attack, malware, ransomware, data breach, system hacking, virus, spyware, compromised information and urgent attention.
The growing threat of cyberattacks at portfolio companies – from the growth in AI, IT skill shortages and geopolitics – is viewed as a key risk at the £34 billion Railpen. The investor outlines how other asset owners and managers can engage on the issue.
Railpen, the £34 billion fund for the members of the UK railways pension schemes, is urging fellow investors to recognise the financial materiality of cybersecurity in their portfolios.
Together with Royal London Asset Management, Railpen has laid out how investors can ensure best practice among portfolio companies, identify and engage on cybersecurity and participate in policy advocacy to help build a supportive regulatory environment. The report, Cyber Security Risk and Resilience, follows on from 2019 when Railpen joining forces with the UK’s largest defined contribution fund, Nest, to produce a joint report on cyber and data security.
“We are seeing a concerning disconnect between leaders’ awareness and preparedness for…
