DOL Provides Guidance On Cybersecurity - Employment and HR
To print this article, all you need is to be registered or login on Mondaq.com. 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 particip...
Source: mondaq.com