California Man Accused of Fleecing Boeing Retirement Plan
Situations like this emphasize the clear and present need for retirement plans to implement effective cybersecurity policies.
Tag: retirement plan cybersecurity
Retirement Plan Cyberfraud Suit Moves On With Claims Against Both Parties
A federal judge previously moved forward ERISA claims against retirement plan providers and has recently allowed for a counterclaim by the providers against the plan sponsor.
Parties in Lawsuit About 401(k) Account Fraud Agree to Settle
According to the complaint, an unknown person or persons stole a participant’s retirement savings by withdrawing a total of $99,000 in three separate unauthorized distributions from her account...
Retirement Plan Cybersecurity the Issue in a New Lawsuit
A retirement plan participant who had $99,000 stolen from her account has sued the plan sponsor and plan providers.
Clear Disclosure Partners Helps Retirement Plans With Cybersecurity
The Cybersecurity Risk Management Program develops and manages an ongoing cybersecurity program for retirement plans.
SPARK Clears Up Definitions for Retirement Plan Cybersecurity
The SPARK Institute's Data Security Oversight Board (DSOB) worked with definitional examples from national cyber standards, international regulations, state privacy laws, and client contracts and gathered insights from...
Your Clients’ Cybersecurity Concerns
Retirement plan advisers can help plan sponsor clients know their providers are taking the right steps to protect participant data—without...
GAO Asked to Examine Retirement System Cybersecurity
In a letter to the Government Accountability Office (GAO), lawmakers said retirement savings are "a tempting target for criminals who could hack into plans and individuals’ accounts to...
Aon Reports Growing Cyber Security Threats
The "What's Now and What's Next" report focuses on eight specific risk areas that companies may face in 2019.
The ERISA Advisory Council Asks DOL for Guidance on Cybersecurity
The council is asking the DOL to require sponsors to be familiar with the various security frameworks to protect retirement plan data.
JHRPS Announces Cybersecurity Guarantee
John Hancock Retirement Plan Services is offering a guarantee to reimburse eligible participants for unauthorized transfers from their 401(k) retirement accounts.
How DC Plans Can Hedge Against Cybersecurity Risk
The Segal Group suggests nine steps plans can take, starting with creating an information security policy.