Plan Sponsor Cybersecurity Responsibilities
If you are a plan sponsor, you set up retirement plans for your employees. Retirement benefit plan administrators harbor personal information of employees, like social security numbers and email addresses, in myriad electronic records. Plan…
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Unearthing the Cyber Dimensions of the COVID-19 Pandemic
Since the dawn of the coronavirus crisis, there has been a sharp increase in the amount of devastating cyber incidents across the globe. Per the cybersecurity firm CYE, the beginning of February and thereafter has…
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What Types of Insurances Cover COVID-19 Losses?
In light of the recent coronavirus outbreak, more and more people are dealing with insurance-related problems handling the outbreak of the disease. What types of losses are you covered under insurance that could possibly stem…
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The Basics of Fiduciary Liability Insurance
When it comes to the management of retirement plans, a fiduciary’s liability is often misunderstood. Fiduciary liability stems from the strict obligations set in place by the Employee Retirement Income Security Act of 1974, or…
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The Great Data Heist: The 21st Century’s Biggest Data Breaches
As we move further into the 21st century, cyber attacks and data breaches are becoming more and more prevalent. Personal information, including social security numbers and private email exchanges are becoming publicly available thanks to…
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43% of Data Breaches Victims Are Small Businesses
The 2019 Verizon Data Breach Investigation Report, which tracked 41,686 security incidents from 86 countries and 73 different data sources, including 2013 total data breaches, has been released and states that small businesses were the…
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U.S. Facing Catastrophic Cyber-Attack, Says Federal Commission
U.S. Cyberspace Solarium Commission recently released a report announcing the U.S. is currently fronting a “catastrophic cyber-attack” that could result in permanent destruction exceeding that of severe floods, fires and hurricanes the country hasn’t seen…
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Protect Your Retirement Plan with Effective Cybersecurity Measures
In the new digital age, retirement plan participants are utilizing electronic platforms to access their 401(k) accounts. As all this vital, personal information moves online, your plan becomes more susceptible to fraud schemes and data…
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Cyber Attackers Won’t Stop At One Data Breach
If you’ve already been the victim of a data breach, you may be wondering if you should still obtain cyber liability insurance. Is there a chance cyber-terrorists could attack again? The answer is a strong…
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