Tag: retirement plan cybersecurity

It could be helpful to hire a third-party specialist to do a risk assessment of the handling of participant data.

The court rejected claims in the amended complaint that Abbott’s decision to hire Alight Solutions, another defendant in the case,...

The lawsuit claims the trustee allowed an unauthorized person to take a distribution from a participant’s account and that the...

Previously dismissed from the lawsuit, Abbott is accused in an amended complaint of failing to monitor its recordkeeper and failing...

However, a federal judge did not dismiss claims against the recordkeeper for the Abbott Laboratories Stock Retirement Plan.

A federal grand jury has indicted an Orange County man for fraudulently obtaining access to Boeing employees’ retirement accounts and...

The plan sponsor had sued plan providers, but the providers in a counterclaim said the plan sponsor was equally liable.

Details of the settlement in the first case of its kind to call into question the cybersecurity defenses a plan...

Plan sponsors need to understand how vulnerable retirement plan and participant data is to cyberattacks, and know what they, providers...

FraudShare is a tool for reporting about the types and frequency of account takeover fraud occurring in the life insurance...

A former 401(k) plan participant is suing the plan sponsor and plan providers after unauthorized distributions were made from her...

Among other things, the Cybersecurity Risk Management Program, in consultation with the plan sponsor and fiduciaries, includes the development of...

“These definitions provide a level platform for vendor evaluation as it relates to cyber security breach and fraud,” says Rasch...