Risk Management Conference
August 13, 2014
Stress Test: Exposing the real risks in DB Pension Plans
As cyber risk expert Alec Ross pointed out during his keynote discussion on the topic, a 17-year-old in Russia recently was able to undermine the confidentiality of retail giant Target’s customer data — and that lead to a 46% drop in the company’s profits in one quarter. If a lone teenager can cause this much damage, larger attacks can be even worse — particularly to asset managers, like pension funds, if their trading systems are infiltrated.
