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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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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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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Plan Sponsors Specifically Threatened by Cyber Attacks
Retirement plans and, specifically, their plan sponsors are being threatened more and more by cyber attacks. Recordkeepers, custodians, and third party administrators are being attacked due to all the valuable personal data they harbor and…
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Cancer Care Data Breach Involves 55k Patients
Cancer Care Group, one of the largest privately-owned radiation oncology programs in the United States, has suffered from a serious data breach that swiped patient names and addresses, social security numbers, dates of birth, insurance…
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401(k) Plan Administrators: Beware of Increasing Identity Fraud
According to Javelin Strategy & Research’s 2020 Identity Fraud Report, digital criminals are targeting the financial services industry and their devastating tactics will negatively impact customers throughout the next 12 months. The study amplifies that…
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Fiduciary Liability Claims and “Silent Cyber” Coverage
A vital concern sweeping businesses across the country is a term called “silent cyber”, or the coverage for cyber devastation under traditional property and casualty insurance policies, in contrast to purpose-built cyber insurance policies. A…
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Do I Need Cyber Liability Insurance?
In today’s digital climate, hackers are around every corner, waiting for the right moment to swipe your most valuable business and personal assets. Without adequate coverage, your financial account details, social security numbers, and other…
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Study: 25% of Small Businesses Don’t Know Where to Start on Cybersecurity
Keeper Security’s 2019 SMB Cyberthreat Study has been released and there’s one particularly alarming statistic: of the small businesses surveyed, 25% have “no idea where to start” when formulating a cyber attack prevention strategy. Preventing…
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