cybersecurity

Cybersecurity Must be a Priority for Plan Fiduciaries
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Most 401(k) plans have access to a large pool of funds, making them an attractive target for cybertheft. While stolen funds are devastating, unauthorized transactions aren’t the only goal of cybercriminals. 401(k) accounts contain a plethora of sensitive personal information that can entice hackers interested in perpetrating identity theft and other forms of fraud. Because  Read More →
Cybersecurity Best Practices for Plan Sponsors
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Participant data and financial accounts comprise some of the most sensitive and potentially vulnerable information under a company’s care. These highly valuable assets can be an attractive target for cybercriminals and therefore present a considerable security risk. Breaches to this information can be devastating to plan participants and to the reputation of the organization. For  Read More →
Cyber Security Issues for Plan Sponsors
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The Department of Labor is working on a guidance package addressing cybersecurity issues as they relate to plan sponsors and third-party providers. Tim Hauser, Deputy Assistant Secretary for DOL’s Employee Benefit Security Administration (EBSA) has indicated that we should expect more focus in the department’s investigations of the adequacy of various cybersecurity programs to confirm  Read More →

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