Browsing Tag
401(k) Cybersecurity
56 posts
New Cyber, Fiduciary Liability Package Protects 401k Plan Sponsors from Growing Risk
In response to the Department of Labor’s April 2021 guidance on cybersecurity and data privacy, Colonial Surety recently…
Biden Taps NYC Attorney Lisa Gomez to Lead EBSA
The White House announced today that President Joe Biden plans to nominate attorney Lisa M. Gomez to be…
Unreported Cyberattacks on Retirement Accounts Lead to $1.5M SEC Fine for B-D
The Securities and Exchange Commission (SEC) on Wednesday announced settled charges against GWFS Equities Inc. (GWFS), a Colorado-based…
DOL Releases Cybersecurity Guidance for 401(k) Plans
The second guidance release in as many days from the Department of Labor covers best practices for maintaining…
GAO to DOL: ‘Provide 401(k) Cybersecurity Guidance’
Cybersecurity risk in 401(k) accounts is a growing problem, and now the Government Accountability Office (GAO) is telling…
There’s a New Top Priority for 403b Employee Education
For the first time ever, organizations that provide 403b plans reported that retirement planning, rather than increasing participation,…
Abbott Defendants Dismissed from 401(k) Cybertheft Lawsuit—For Now
I previously wrote about a lawsuit filed against Abbott Labs and recordkeeper Alight by a participant whose account…
How Identity Fraud Targets 401(k) Participants
Identity fraud is increasingly targeting 401(k) participants, with employees in workplace retirement plans squarely in criminals’ sights. Recent…
Data and Dollars: Securing Retirement Plans in the Online Age
Using data from 2016 Form 5500 annual reports, the American Benefits Council found that there were over half…
7 Sensible Cybersecurity Steps for 401(k) Plan Sponsors
Cybersecurity breaches of retirement plan participant accounts have occurred with increasing frequency in recent years. Just this past…