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Guidance for Plan Sponsors, Plan Fiduciaries, Record Keepers and Plan Participants Guidance for Investment Advice Exemption Mental Health ASPIRE Initiative | Seven States Selected Amazon Union Election Biden Administration Labor Leadership Updates.  On April 21, the Senate Health, Education, Labor, and Pensions (HELP) Committee is scheduled to hold a business meeting to consider the nomination of  Ms. Julie Su to serve as Deputy Secretary of Labor. On April 9, U.S. President Joe Biden annou...

To print this article, all you need is to be registered or login on Mondaq.com. The DOLs 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 Mitig...

Friday, April 16, 2021 On April 14, 2021, the U.S. Department of Labor’s (“DOL’s”) Employee Benefits Security Administration (“EBSA”) issued its first cybersecurity best practices guidance for retirement plans. The guidance is set forth in three parts and emphasizes that plan sponsors and fiduciaries must take steps to mitigate cybersecurity risks as part of the fiduciary obligations imposed on them by the Employee Retirement Income Security Act of 1974 (“ERISA”). To a...

Formally wading into the cybersecurity discussion for the first time, on April 14, 2021, the U.S. Department of Labor (DOL) posted on its website a suite of new guidance, including Tips...

To print this article, all you need is to be registered or login on Mondaq.com. By way of background, cybersecurity has over the last decade become an area of critical importance to sponsors and administrators of employee benefit plans as well as plan participants.  Put simply, this is because plans (which the DOL estimates hold $9.3 trillion in assets) are a prime target of cyberthieves, given that they typically hold significant amounts of sensitive participant data, ...

Thursday, April 15, 2021 By way of background, cybersecurity has over the last decade become an area of critical importance to sponsors and administrators of employee benefit plans as well as plan participants.  Put simply, this is because plans (which the DOL estimates hold $9.3 trillion in assets) are a prime target of cyberthieves, given that they typically hold significant amounts of sensitive participant data, often permit electronic access to funds (think 401(k) distributions) ...

SHEfinds / You Might Want To Brace Yourself For This Major Costco Scandal That Just Leaked–What Is Happening?! shefinds | Lifestyle Costco is facing a lawsuit in Florida alleging that the wholesale chain uses recording software to monitor customer’s data on its website. Yikes! The suit, filed in Palm Beach County Circuit Court, alleges that the Washington-based-chain violates the Florida Security Communications Act by spying on its online shoppers’ behaviors. The lawsuit, reported on by...

A miss tapping into a neighbors wi-fi connection. the answer, 32%. the survey was commissioned by the wi-fi alliance. its a nonprofit group that offers security tips for a wireless web surfing. several people admitted that they do that around here. so, shame on you. but 32%, huh? okay. time for todays guilty pleasures. now, these are irresistible stories, a journalists equivalent of a double scoop hot fudge sundae with whipped cream. watch this boy walk off a train platform in italy. he was ab...