Pontera, Fidelity Fight Over Third-Party Access to Plan Data
The fintech company argues that the nation’s largest recordkeeper is overreaching by restricting third-party access to accounts.
Tag: cybersecurity
Almost All Organizations Hit by Digital Attacks Believe It Was Preventable
A survey found that 92% of security decisionmakers who came under cyberattack in the last year believe that better security...
Plan Sponsors Shift Focus From Cost-Cutting to Cybersecurity
As cost pressures ease, sponsors are prioritizing data security and embracing artificial intelligence to personalize and future-proof the 401(k) experience.
Deepfaked Fiduciary: The Real AI Threat Nobody’s Talking About
Adviser Neil Plein explains how fiduciaries can be prepared to minimize the risk to their practices from increasingly sophisticated scams...
Most Americans Still Skip Basic Cyber Protections
According to a survey by digital security company Iris, 91% of Americans worry about AI threats to their personal data,...
Data Breach at Alera Exposed Data of More Than 10,000 Individuals
An external breach, which occurred last summer, may have exposed retirement plan participants’ personal data, such as Social Security numbers...
Financial Firm Investment in Gen AI Surges, Cybersecurity Remains Priority
A Broadridge survey found a leap in firms’ investment plans for generative AI technology.
Participant Data at Community Colleges, Public Schools Exposed in Breach at TPA
A third-party administrator of 403(b) and 457(b) plans experienced a cyber breach last month, exposing sensitive information of more than...
SEC Announces Unit to Protect Investors From Crypto, AI Scams
The Cyber and Emerging Technologies Unit will be led by Laura D’Allaird, who was co-chief of the predecessor Crypto Assets and Cyber Unit.
The Pension Specialists Breach Exposes Data of 71,000 Participants
The external system breach exposed participants’ names and Social Security numbers.
Generative AI, Email Scams Lead Cyber Fraud in 2024
One of the biggest challenges executives cite in fraud prevention is that employees don’t always follow fraud prevention policies, according...
FINRA Flags Shortcomings in Firms’ Anti-Money Laundering Efforts
The Financial Industry Regulatory Authority’s latest report offered advisers best practices for strengthening their compliance with security regulations.
AI-Enhanced Fraud: A Growing Threat to Retirement Plans
Criminals are using artificial intelligence to craft more convincing phishing attacks, leaving businesses and retirement plans vulnerable.
What Is a Proper Cybersecurity Policy for a Retirement Plan?
Plan fiduciaries should consider third-party audits, multi-factor authentication, cyber insurance and more when developing a written cybersecurity policy.
UC Schools Report Fraudulent Activity in Fidelity Retirement Accounts
The issue affected Fidelity retirement plan accounts at UC Davis and other schools in the University of California system.
Fidelity Data Breach Exposed Info of 77,000 Clients
The August hack did not provide direct access to users’ accounting, according to a security breach filing.
Quantifying Cybersecurity Risks
A cybersecurity risk modelling expert discusses the science of planning for an unpredictable data breach.
TIAA Swept Up in Infosys Breach
The data breach affected nearly 9,000 individuals at TIAA.
6 Steps to Help Participants Safeguard DC Assets
McKinsey cybersecurity experts give tactics to protect against scammers.
Cybersecurity Insurance Considerations
Expert Steve Taylor gives his views on cybersecurity insurance, as breaches proliferate in financial services.