SEC Charges Transfer Agent Equiniti Trust for Failing to Safeguard Clients From Cyber Attacks
The ruling shows the increased need to protect client data, as recordkeepers and others could face such fines due to...
Tag: cybersecurity
‘Isolated’ Error by Merrill Exposes Some Walmart 401(k) Data
The inadvertent email error surfaced Social Security numbers of some Walmart participants; no misuse is expected, and Merrill is providing...
Reg S-P Requires Advisers to Inform Customers of Data Breaches
In addition to other registrants, advisers will have 30 days to inform their clients of any substantial data breach.
J.P. Morgan Sued For Data Exposure
A new lawsuit alleges J.P. Morgan Chase & Co. lacked adequate protocols to thwart a recent breach, resulting in the...
Breach at J.P. Morgan Exposes Data of 451,000 Plan Participants
Participant names, addresses, Social Security numbers and bank information were exposed in an incident the bank became aware of in...
401(k) World: Cyber Thieves
The fifth in our Planadviser In-Depth series delves into cybersecurity threats to retirement plan assets and the industry’s approach to...
LIMRA, SPARK Partner on Retirement Plan Fraud Prevention
The industry organizations plan to issue research and educational materials for plan sponsors regarding how to combat cyber fraud in...
FINRA Annual Report Highlights Crypto, Cybersecurity, Reg BI
The industry regulator provided areas of focus for the year ahead to member firms.
Nonqualified Compensation Accounts Back Online After Infosys Breach
Plan and insurance accounts that had been shut down are available again, according to client accounts.
Ascensus, Newport Nonqualified Platforms Hit by Infosys Cybersecurity Issue
Ascensus and its Newport-owned nonqualified retirement systems have not been able to update participant accounts since November 2.
Best Practices To Vet a Vendor’s Cybersecurity Practices
Experts in Cybersecurity provide tips on how to assess partners' defenses in a recent PLANADVISER Cybersecurity livestream.
Compliance Analysis
The SEC on Cybersecurity
Review your policies and procedures—it’s a fiduciary duty
How to Stay Safe From Evolving Cybersecurity Threats
Experts discussed the SEC’s new cybersecurity rules and the importance of having an action plan at PLANADVISER’s Cybersecurity livestream.
Former DOL Investigator Starts Firm Targeting 401(k) Fraud
David Donaldson’s Participant I.D. will offer providers and plan sponsors three-factor identify theft protection.
MOVEit Hack a Lesson as Digital Threats Increase
Experts say the incident revealed how to combat the stealing and selling of personal data, but participants remain vulnerable to...
What Advisers Should Know About Cybersecurity Insurance
Experts provide insight into an insurance market predicted to grow from $6 billion to $33 billion in coming years.
SEC Reopens Comment Period for RIA Investment Custody Rule
The regulator also announced a new proposal to increase transparency and disclosures for private fund managers such as private equity...
New SEC Cybersecurity Rule a ‘Business Problem,’ Not Just IT or Legal, According to Experts
The new disclosure requirements for public companies will require time and resources to meet cybersecurity needs.
SEC Requires Public Companies to Disclose Cybersecurity Data
Annual reports must include information on the issuer’s cybersecurity management and governance, and they must disclose material incidents within 4...
The PLANADVISER Interview: Tina Anstett, Senior ERISA Counsel, Smart
A senior counsel who consults on ERISA fiduciary issues and IRS and DOL audits discusses the state of artificial intelligence...