Employers unprepared for 401(k) plan data breaches
Foreign hackers are learning that $5.3 trillion of retirement plan assets are ready for the taking, leaving plan sponsors and participants susceptible to theft.
Foreign hackers are learning that $5.3 trillion of retirement plan assets are ready for the taking, leaving plan sponsors and participants susceptible to theft.
Restoration services can help your employees save time and trouble when their ID has been compromised.
The fewer systems where a 401(k) participant has an active account, the less likely that employee’s sensitive data will be compromised.
Attorneys at law firm EBG discuss the impact of cybersecurity threats, what HR departments should do and the importance of safeguarding benefits information.
When breaches occur, regulatory ramifications can be as complex as the reputational damage to all parties involved will be great.
When breaches occur, regulatory ramifications can be as complex as the reputational damage to all parties involved will be great.
Advisers and clients should take extra measures, such as holding training events, to safeguard data from a cyber breach.
Employers should help improve security measures, Willis Towers Watson research finds.
Security measures, such as improved staff training, need to be stronger, Willis Towers Watson research shows.
With protocols already in place to comply with HIPAA’s requirements, plan sponsors are focusing on 401(k) data.
With protocols already in place to comply with HIPAA’s requirements on protected health information, plan sponsors are focusing on employee 401(k) data.
Business owners and managers must understand the risks and ramifications for not having a security plan in place.
The Office for Civil Rights will begin investigating breaches or protected health information that affect less than 500 individuals, says attorney Sheryl Feutz-Harter.
When it comes to workplace security and identity protection, employers are increasingly turning to their brokers for solutions, says EZ Shield’s Angela Murphy.
After high profile breaches at Sony, Target and Yahoo, the next victims could be the insurance community. The target: employee Social Security numbers.
Fiduciaries who do not follow security standards may be personally liable to restore losses to plan participant benefits.
As payoffs grow, hackers are mounting more sophisticated attacks, and threats are increasingly pernicious, says FTC Chairwoman Edith Ramirez.
Technology has opened brokers up to liabilities and compliance nightmares through data breaches, hackers, and other cyber security risks.
Plan sponsors would be wise to ask their healthcare vendors if they have insurance policies in place to cover data breaches and other risks, according to USI’s Paul King.
Plan sponsors would be wise to ask their healthcare vendors if they have insurance policies in place to cover data breaches and other risks, according to USI’s Paul King.