Help Mitigate Cybersecurity Risks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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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 ....

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