Cybersecurity Guidance Issued To Retirement Plan Sponsors News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Recommendations made to plan sponsors and administrators
include:
Asking vendors what security practices they use and how those
measures are validated;
Determining the type and scope of vendors cyber
insurance;
Putting a formal cybersecurity program in place and conduct
annual risk assessments;
Using security measures like encryption, and conducting
periodic training;
Giving users information about common risks, like free WiFi or
improper password hygiene.
These guidelines provide clarity on how EBSA will
interpret regulations on electronic recordkeeping,
(which require plan administrators to put in place reasonable ....

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