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Department of Labor's Cybersecurity Guidance for Benefit Plans Signals Increased Scrutiny | Akin Gump Strauss Hauer & Feld LLP


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On April 14, 2021, the Department of Labor (DOL) issued its first set of guidance documents related to the cybersecurity of retirement benefit plans covered by the Employee Retirement Income Security Act (ERISA). The three-part guidance is aimed at various stakeholders plan fiduciaries, service providers, plan participants and beneficiaries and provides cybersecurity expectations for plan fiduciaries and best practices for their service providers.
Cybersecurity has become an area of critical importance to plan sponsors and administrators of employee benefit plans, as well as their service providers, as they increasingly rely on the Internet and IT systems to administer those plans. In a February 2021 Government Accountability Office (GAO) Report, the GAO, an independent and non-partisan U.S. legislative agency that monitors and audits government spending and operations, highlighted the significant cybersecurity r ....

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Department Of Labor's Cybersecurity Guidance For Benefit Plans Signals Increased Scrutiny - Technology


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On April 14, 2021, the Department of Labor (DOL) issued its
first set of guidance documents related to the cybersecurity of
retirement benefit plans covered by the Employee Retirement Income
Security Act (ERISA). The three-part guidance is aimed at various
stakeholders-plan fiduciaries, service providers, plan participants
and beneficiaries-and provides cybersecurity expectations for plan
fiduciaries and best practices for their service providers.
Cybersecurity has become an area of critical importance to plan
sponsors and administrators of employee benefit plans, as well as
their service providers, as they increasingly rely on the Internet ....

Cybersecurity Program Best Practices , Tips For Hiringa Service Provider , Government Accountability Office , Department Of Labor , Employee Retirement Income , Security Act , Administrative Procedure Act , Service Provider , Program Best Practices , Security Tips , அரசு பொறுப்பு அலுவலகம் , துறை ஆஃப் தொழிலாளர் , ஊழியர் ஓய்வு வருமானம் , பாதுகாப்பு நாடகம் , சேவை வழங்குநர் , ப்ரோக்ர்யாம் சிறந்தது ப்ர்யாக்டிஸஸ் , பாதுகாப்பு உதவிக்குறிப்புகள் ,