Tips for Complying with DOL's Retirement Plan Cybersecurity Guidance | Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C.
”Not if, but when" is a phrase commonly used to describe data breach risk. Holding just under $11 trillion in assets, employer-sponsored retirement plans are a particularly enticing target for cybercriminals. Through audits and best practice guidance, the Department of Labor (DOL) is encouraging retirement plan sponsors to pay attention to managing cybersecurity risk. Recognizing that businesses often outsource retirement plan administration, the DOL recently released cybersecurity guidance f...
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