As trustees, administrators, and stakeholders of public employee retirement systems across Texas, your role in safeguarding sensitive data is more important than ever. October is Cybersecurity Awareness Month, an international initiative that educates everyone about online safety and empowers individuals and organizations, including pension funds, to protect their data from cybercrime.
A recent cyber-fraud incident at the University of California's retirement savings program, administered by Fidelity Investments, underscores the ongoing threat that cybercriminals pose to retirement systems.
Cybersecurity Awareness Month, co-led by the National Cyber Security Alliance (NCA) and the Cybersecurity and Infrastructure Security Agency (CISA), has raised awareness about digital security since 2004. As it enters its 21st year, the focus has shifted from simply increasing awareness to driving actionable steps that individuals, families, businesses, and organizations can take to protect themselves against cyber threats.