Surety Matters

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Displaying 8 results for: plan sponsor products
Cyber 05.30.2019

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 used to being attacked due to all the valuable personal data they…
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Plan Sponsors Specifically Threatened by 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

There is No Consensus Way to Stop Retirement Plan Cyber Attacks

The United States doesn’t have a national regulatory system for governing cybersecurity. There’s no consensus framework in the country for evaluating the effectiveness of cyber protections. Based on the available information, it seems as if…
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There is No Consensus Way to Stop Retirement Plan Cyber Attacks
Cyber 05.29.2019

Types of Cyber Attacks for Plan Sponsors to Watch Out For

Retirement plans and plan sponsors are coming under attack from cyber attacks. The obvious response is to take precautions to prevent a cyber attack from hitting your retirement plan. But how can you do that without knowing…
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Types of Cyber Attacks for Plan Sponsors to Watch Out For
Cyber 05.29.2019

Anti-Virus Software Will Not Protect Your Plan From Cyber Attacks

Your company computer may have an anti-virus program installed on it, but if you think that’s enough to prevent your retirement plan from succumbing to cyber attacks and data breaches, you have another thing coming….
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Anti-Virus Software Will Not Protect Your Plan From Cyber Attacks
Cyber 05.29.2019

DOL: Plan Sponsors Must Protect Electronic Plan Information

ERISA does not specifically lay out rules and regulations regarding protecting plan data, but the U.S. Department of Labor has addressed the vulnerability of electronically sent plan information. In Regulation Section 2520.104b-1(c), the DOL stated that…
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DOL: Plan Sponsors Must Protect Electronic Plan Information
Cyber 05.29.2019

Survey: 83% of Organizations Have Had a Data Breach

According to a survey of over 1,000 United States companies conducted by Opinion Matters, 83% of surveyed companies have experienced some sort of accidental data breach. More exposure occurred through employees accidentally exposing data through…
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Survey: 83% of Organizations Have Had a Data Breach
Cyber 05.29.2019

The Sony Hack Shows How Vulnerable Your Retirement Plan Is

Sony is one of the largest companies in the world. Its products include everything from movies to cameras to financial services. Its 2014 hack should show you that even if their information is vulnerable to cyber…
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The Sony Hack Shows How Vulnerable Your Retirement Plan Is