Cyber Threats: Identify Your Incident Response Team
Retirement plans contain sensitive—and valuable information. In addition to securing it, you must be ready to respond to breaches. Who are the experts on your team? What’s On Your Company’s Inventory of Sensitive Data? When…
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Data Breaches: What Is Your Plan?
Recent data breaches in the healthcare industry are alarming. The fact that there is a shortage of qualified cybersecurity professionals is troubling. Plan sponsors: how are you protecting your plan? Get Focused Cybercrime is…
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Year End Communications About Retirement Savings
The IRS has announced that the elective deferral limit for employee contributions to 401(k) plans for 2021 will remain at $19,500. However, it’s still an important time of year for plan sponsors to communicate with…
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Understanding Retirement Savings: Lifetime Income Illustrations
Chances are good that your company’s employees need to save more toward retirement. This is true across the country. New lifetime income disclosures mandated by the SECURE Act, aim to educate employees—and motivate them to…
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Identify Theft—Are Your Benefit and Retirement Plans Safe?
Identity theft has been on the rise—and that means plan sponsors have to up their cybersecurity efforts. According to AARP: Identity theft occurs when someone obtains someone else’s personal information, such as a Social Security…
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Morgan Stanley Faces Data Breach Lawsuit
Morgan Stanley Smith Barney, a multinational investment bank and financial services giant, is being sued by former and current clients for allegedly failing to make sure account numbers, social security details, and other personal information…
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COVID-19’s Effect on the Data Breach Terrain
The coronavirus pandemic is compelling businesses across all industries to incorporate new and improved cybersecurity measures into their daily activities. A three-month examination from Teiss, a cybersecurity hub, reports that new threats are emerging faster…
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Mercy Health 401(k) Plan Participants Sue for ERISA Violations
Former and current plan participants in 401(k) plans sponsored by Mercy Health Corporation are now suing the operators of hospitals/clinics and their fiduciaries for ERISA breaches under the Employee Retirement Income Security Act of 1974. The lawsuit…
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Fast Data Breach Response Time Can Salvage Your Company
It is commonly understood that data breaches are emerging at a more rapid pace due to the high volume of people working from home and shopping online. Therefore, your company’s response time towards a cyber-breach can be…
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