Marriot International Faces Class Action Lawsuit Over Data Breach
Millions of customers have just slammed the hotel giant Marriot International with a serious class-action lawsuit, demanding significant compensation after their sensitive information was stolen, in one of the world’s most significant data breaches ever….
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5 Cybersecurity Tactics for Plan Sponsors
Though cybersecurity strategies tend to evolve year to year, there are some basic tactics plan sponsors can utilize to safeguard their plan participant’s personal information. Research indicates that roughly 62% of small and midsize businesses…
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Lawsuit Alleges Plan Sponsor Need to Plan Better for Cyber-attacks
Since the dawn of the COVID-19 shutdown that has caused more businesses to a remote environment, cyber-hackers have had ample opportunity to steal plan participant credentials and personal information. The lawsuit, Bartnett v. Abbot Laboratories et al., No….
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What Is a Data Breach and How Can I Effectively Handle One?
According to the cybersecurity hub Norton, a data breach is a “security incident whereby information is accessed without authorization.” It’s crucial to highlight that not all data breaches are deliberate! There have been cases where…
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What is the Cost of a Data Breach?
Like any other variety of pervasive thievery, data breaches emerge with a ponderous cost. Data thieves utilize evolving criminal techniques to carefully slip past sub-par security measures and expeditiously dine on a company’s finest sensitive…
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What is ERISA’s Bonding Requirement for Our Employee Benefit Plan?
Suppose you’re a plan fiduciary that handles a 401(k) for your company. It can be tough to keep up with the prerequisites for the Employee Retirement Income Security Act of 1974, or ERISA. How do…
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The 14 Largest Data Breaches of the 21st Century
Unfortunately, in this day and age of businesses and consumers interacting online, data breaches are more commonplace. Roughly 3.5 billion people had their personal information swiped in the top two of the 14 largest cyber…
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Missouri Historical Society Data Compromised During Cyber-Breach
The Missouri Historical Society, or MHS, recently notified their donors that personal information like dates of birth, names, and addresses was possibly compromised during a severe data breach. Transpiring in May of this year, the…
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What is a Fiduciary Duty?
A fiduciary is an organization or individual that holds the critical power and responsibility of acting on behalf of others. A fiduciary pledges to carry out their daily duties honestly and through good faith. A fiduciary…
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