Opinions |
Developing a Prudent Process for Cybersecurity
Principals with Groom Law Group discuss steps retirement plan sponsors can take to avoid or be prepared for a DOL...
Tag: retirement plan cybersecurity
Products |
Colonial Surety Expands Cyber, Fiduciary Insurance Package
The product offers protection of assets from claims of fiduciary breach and cyber liability coverage.
Ensuring Clean Participant Data
Keeping participant data accurate could help plan sponsors avoid dealing with missing participants or a cybersecurity attack.
Opinions |
Cybersecurity for Plan Fiduciaries: Focus on Account Theft
Jeanne Klinefelter Wilson, with Groom Law Group, discusses how to help participants avoid the nightmare of losing their DC plan...
The DOL Has Begun Retirement Plan Cybersecurity Audits
Attorneys say the requests plan fiduciaries have received ask for a broad amount of information and documentation, and they urge...
The DOL’s Cybersecurity Guidance in Practice
Experts share insights about implementing the guidance and warn that plan sponsors can expect investigations from the agency now that...
SEC Settles Charges of Cybersecurity Failure Against GWFS Equities
The broker/dealer has agreed to a $1.5 million fine, a censure and an order to cease and desist from future...
Sponsors Should Have a Plan in the Event of a Cyberattack
It could be helpful to hire a third-party specialist to do a risk assessment of the handling of participant data.
Abbott Defendants Again Escape ERISA Cybersecurity Lawsuit
The court rejected claims in the amended complaint that Abbott’s decision to hire Alight Solutions, another defendant in the case,...
Trustee Sued Over Retirement Plan Account Fraud
The lawsuit claims the trustee allowed an unauthorized person to take a distribution from a participant’s account and that the...
Effects of COVID-19 Could Spark More Retirement Plan Litigation in 2021
Industry experts say market volatility and cybersecurity issues could lead to new lawsuits.
Abbott Brought Back Into Retirement Plan Cybersecurity Lawsuit
Previously dismissed from the lawsuit, Abbott is accused in an amended complaint of failing to monitor its recordkeeper and failing...
Cybersecurity Risks Still Lurking for Retirement Plan Sponsors
A recent federal court decision does not let plan sponsors off the hook, and various state laws may be applied...
Abbott Defendants Dismissed From Retirement Plan Cybersecurity Lawsuit
However, a federal judge did not dismiss claims against the recordkeeper for the Abbott Laboratories Stock Retirement Plan.
Alleged Boeing Retirement Plan Fraudster Charged in California
A federal grand jury has indicted an Orange County man for fraudulently obtaining access to Boeing employees’ retirement accounts and...
Risk for Cyberattacks Heightened as Remote Work Continues
Remote work is expected to lead to more attacks on retirement plan accounts, but there are an increasing number of...
Court Finds Plan Sponsor Could Be Found Liable for Retirement Plan Cyberfraud
The plan sponsor had sued plan providers, but the providers in a counterclaim said the plan sponsor was equally liable.
Parties In Suit About Estee Lauder 401(k) Account Data Breach Announce Settlement
Details of the settlement in the first case of its kind to call into question the cybersecurity defenses a plan...
A Background on Retirement Plan Cyber Crimes and How to Mitigate Them
Plan sponsors need to understand how vulnerable retirement plan and participant data is to cyberattacks, and know what they, providers...
Plan Participants Have Their Own Responsibilities for Cybersecurity
There are common and advanced approaches retirement plan participants can take to derail data breaches and retirement account fraud.