Cybersecurity has been in the news recently as the scope of a sophisticated computer attack, presumably conducted by a foreign actor, continues to grow. It started when hackers compromised software made by a company called SolarWinds. The company estimates that around 18,000 customers were affected, including many federal and state agencies. Department of Employee Trust Funds computer systems were not compromised in the attack.
Recognizing the growing threat posed by hackers, ETF has been investing significantly in cybersecurity. ETF has built a robust team with a total of nearly 150 years of cybersecurity experience. The team has a good mix of seasoned veterans with decades of experience as well as promising up-and-comers. Several years ago, ETF recognized the growing importance of cybersecurity by creating the position of Chief Information Security Officer and establishing the Bureau of Information Security Management.
This dedicated cybersecurity team works to protect ETF member information by implementing a broad set of up-to-date tools and techniques guided by industry best practices and standards. Every day they are monitoring the ETF network, searching for vulnerabilities, and patching systems with the latest updates.
Another of the team’s efforts is the implementation of an Information Risk Management Program to help ETF maximize resources by focusing efforts on the most important risks and issues. Cybersecurity is a complex and growing field and in addition to concentrating on the most relevant issues, it is important to provide sufficient resources to the team. In light of this, ETF has requested additional positions in the next biennial budget (see Legislative Update).
Cybersecurity will continue to be a top priority for ETF and we are committed to protecting the information of Wisconsin Retirement System members every day and into the future.