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Cyber for Plan Sponsors 06.22.2020

North Korean COVID-19 Phishing Scandal Targets US

Security experts are sounding the alarm on a multi-country North Korean phishing effort created to sponge off of government COVID-19 bail-out initiatives. Pyongyang’s Lazarus Group’s latest operation is designed to “impersonate government agencies, departments, and…
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North Korean COVID-19 Phishing Scandal Targets US
Cyber for Plan Sponsors 06.22.2020

Bank of America Discovers Data Breach in PPP Application Process

Bank of America Corporation has informed its customers of a serious data breach affecting those who have applied for the Paycheck Protection Program (PPP).  On April 22, client information was left vulnerable when the bank…
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Bank of America Discovers Data Breach in PPP Application Process
ERISA 06.22.2020

IRS Extends COVID-19 Relief for Plan Participants

The IRS has prolonged relief to plan participants whose significant others are laid off and take COVID-19-related loans or distributions from their retirement accounts, as well as offered novel safe harbors for loan repayments. Per…
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IRS Extends COVID-19 Relief for Plan Participants
License & Permit Bonds 06.19.2020

Utah Provides COVID-19 Relief for Businesses

Utah lawmakers decided to widen access to roughly $122 million in federal coronavirus relief for business owners, residents, and cultural groups throughout the state. Rules were eased for spending up to $20 million in previously…
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Utah Provides COVID-19 Relief for Businesses
License & Permit Bonds 06.19.2020

NY Businesses Will Be Shut Down for Reopening Violations

Per New York Governor Andrew Cuomo, businesses who fail to comply with the state’s novel guidelines for reviving the economy. The Governor explained the Executive Order will help the state enforce reopening rules and establishments…
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NY Businesses Will Be Shut Down for Reopening Violations
License & Permit Bonds 06.19.2020

Non-Essential Business in Newark Must Submit Applications to Open

As Newark, New Jersey, and residences around the country prepare to reopen, Mayor Ras Baraka is instructing non-essential retail business owners to submit applications in order to obtain a color-coded certificate to permit their reopening…
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Non-Essential Business in Newark Must Submit Applications to Open
Contract Surety 06.18.2020

Construction Permits Rise in Latest Report

Though home construction had paused in the last few months due to the COVID-19 pandemic, it seems the construction industry is seeing a significant turnaround. This month, building permits were up 14.4% over April, with…
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Construction Permits Rise in Latest Report
ERISA 06.18.2020

SCOTUS Rules Pensioners in Fully-Funded Plans Cannot Sue

On Monday, in a 5-4 decision, the Supreme Court of the United States ruled that plan participants of defined benefit plans not underfunded do not have legal standing to sue plan fiduciaries for claims of…
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SCOTUS Rules Pensioners in Fully-Funded Plans Cannot Sue
Cyber for Plan Sponsors 06.18.2020

Amazon Fights off Largest Ever DDoS Attack

Amazon announced its cloud-services provider, Amazon Web Services, recently fended off the greatest DDoS cyber-attack in history. Amazon web services, which offers the very infrastructure hundreds of companies rely on, defended itself against a Distributed…
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Amazon Fights off Largest Ever DDoS Attack