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Security consultants warn trustees: phishing and third‑party risk are top threats; board urged to adopt frameworks and exercises
Summary
Lineage Secure presenters told the Federated board that pension funds are high‑value targets and recommended board oversight of cybersecurity through frameworks, tabletop exercises, identity controls and role‑based staff training.
Lineage Secure consultants presented a cybersecurity briefing at the Federated City Employees Retirement System Board meeting, telling trustees that public pension funds are high‑value targets and urging trustees to adopt governance practices that reduce the risk of data breaches and financial fraud.
Peter Dewer, president of Lineage Secure, and Jake Long, who previously worked on the PensionGold platform, outlined common attack vectors such as social engineering and business‑email compromise and explained that attackers increasingly use AI and automation to craft convincing messages. They…
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