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Cybersecurity for Retirement Plans
Bokert, Mark E ; Hahn, Alan
Employee Relations
Law
Journal, 2018-03, Vol.43 (4), p.67-71
New York: Aspen Publishers, Inc
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Título:
Cybersecurity for Retirement Plans
Autor:
Bokert, Mark E
;
Hahn, Alan
Assuntos:
Access control
;
Committees
;
Computer crimes
;
Computer security
;
Criminal investigations
;
Customer services
;
Data integrity
;
Data security
;
Defined contribution plans
;
Employee
benefits
;
Employee management relations
;
Employees
;
ERISA
;
Federal regulation
;
Fiduciaries
;
Fines & penalties
;
Identity theft
;
Insurance coverage
;
Labor
law
;
Laws, regulations and rules
;
Management
;
Pension funds
;
Pension plans
;
Personal information
;
Remedies
;
Retirement plans
;
Safety and security measures
;
Social security numbers
;
Third party
É parte de:
Employee Relations
Law
Journal, 2018-03, Vol.43 (4), p.67-71
Descrição:
The cost to a plan sponsor of dealing with a cybersecurity breach can be astronomical. [...]plan sponsors and fiduciaries should take steps now to address the risks posed by a cybersecurity attack and develop a strategy for managing those risks. According to the company, the breach started in May of this year and continued until it was discovered in late July. To the extent the fiduciary provisions apply, then plan fiduciaries would be required to discharge their duties with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims.2 Plan fi duciaries also would be required to discharge their duties with respect to a plan solely in the interest of plan participants and beneficiaries.3 Several pronouncements issued by the U.S. Department of Labor (DOL) relate to protecting personal information in ERISA-covered plans. [...]the responsible fiduciary should consider communicating security tips to plan participants in order to bolster security efforts.
Editor:
New York: Aspen Publishers, Inc
Idioma:
Inglês
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