DOL Issues New Guidance On Cybersecurity For Retirement Benefit Plans - Employment and HR mondaq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mondaq.com Daily Mail and Mail on Sunday newspapers.
Guidance for Plan Sponsors, Plan Fiduciaries, Record Keepers and Plan Participants
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The DOL s Employee Benefits Security Administration
( EBSA ) provided new guidance for plan sponsors,
fiduciaries, participants and record-keepers concerning best
practices for managing cybersecurity. This is the first time the
EBSA has provided cybersecurity guidance. (See also GAO retirement
plan guidance issued in February 2021: Defined Contribution Plans: Federal Guidance Could
Help Mitigate Cybersecurity Risks in 401(k) and Other Retirement
Plans ).
The DOL asserted that plan participants and plan assets may be at risk from both internal and external cybersecurity
threats, and that ERISA requires plan fiduciaries to
ERISA Fiduciary Obligations Expanded to Include Mitigation of Cybersecurity Risks | Bryan Cave Leighton Paisner jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
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