Surety Matters

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Displaying 12 results for: government
ERISA 06.07.2019

House Passes New 401(k) Bill

The United States House of Representatives has passed a bill resulting in the most significant changes in years to 401(k) plans. With the Setting Every Community Up for Retirement Enhancement, or Secure, Act, it is…
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House Passes New 401(k) Bill
Cyber 05.30.2019

Fiduciary and Cyber Liability Insurance Help You Plan For Tomorrow

It’s taken catastrophes to make people realize that insurance is not just a form of gambling; it helps people and businesses endure. Fiduciary liability insurance and cyber liability insurance may seem like gambling on a…
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Fiduciary and Cyber Liability Insurance Help You Plan For Tomorrow
Cyber 05.30.2019

Small Plan Sponsors More Vulnerable to Data Breach Than Big Companies

You’ve probably heard a lot about data breaches at Equifax and Sony, but did you know that small businesses, including individual plan sponsors, are more vulnerable to cyber attack and data breach than those large…
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Small Plan Sponsors More Vulnerable to Data Breach Than Big Companies
Cyber 05.30.2019

Equifax Took Cybersecurity Seriously, Was Still Hacked

Every organization should take cybersecurity seriously, from the mom and pop shop down the street to Amazon. Equifax CEO Mark Begor testified to the United States Senate that the company took cybersecurity seriously prior to…
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Equifax Took Cybersecurity Seriously, Was Still Hacked
Cyber 05.30.2019

New Jersey Expands Data Breach Laws

New Jersey recently passed a law requiring businesses to notify consumers of online breaches. This, theoretically, would allow consumers to change information to limit attackers’ access to their accounts, such as passwords or usernames. It…
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New Jersey Expands Data Breach Laws
Cyber 05.30.2019

Pension Industry Vulnerable to Cyber Attacks

According to a new report from Moody’s Investors Service, some of the industries most likely to be attacked by cyber attacks are finance, investment, and securities. This includes the retirement and pension industries as all…
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Pension Industry Vulnerable to Cyber Attacks
Cyber 05.30.2019

The Fiduciary Duty of Protecting Against Cyber Attacks

Under ERISA, fiduciaries are subject to the prudent expert standard of care, in which they have to act with diligence, care, and skill an expert under the circumstances in their field would. They also owe…
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The Fiduciary Duty of Protecting Against Cyber Attacks
Cyber 05.29.2019

Cybersecurity and Retirement Plans: Unanswered Questions

With cyber attacks and data breaches becoming more and more commonplace, it’s become fair to ask where cybersecurity fits within the duties and responsibilities of retirement plan fiduciaries and participants Congress has started asking the…
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Cybersecurity and Retirement Plans: Unanswered Questions
Cyber 05.29.2019

Average Time Taken to Identify and Contain a Data Breach

According to a survey by the Ponemon Institute of 477 companies that experienced a data breach in 2018, the average number of days to even identify a data breach could be as high as 221…
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Average Time Taken to Identify and Contain a Data Breach