Surety Matters

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Displaying 36 results for: plan sponsors
Cyber 09.08.2020

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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Morgan Stanley Faces Data Breach Lawsuit
Cyber 07.23.2020

Is It a Fiduciary Breach not to Have Cyber Liability Insurance?

Under ERISA, fiduciaries are subject to the prudent expert standard of care, in which they have to act with diligence, care, and skill in their field. They also owe a duty of loyalty to plan…
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Is It a Fiduciary Breach not to Have Cyber Liability Insurance?
ERISA 07.14.2020

New Bill Creates Lost and Found Participant Database

It’s not easy for employees to manage, track, and consolidate retirement accounts as they bounce from job to job. Due to short employment periods, workers could leave behind retirement accounts with small balances, which drop…
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New Bill Creates Lost and Found Participant Database
Cyber 06.30.2020

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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Plan Sponsors Specifically Threatened by Cyber Attacks
ERISA 05.29.2020

Detrimental Assumptions Plan Sponsors Make

When it comes to managing an employee benefit plan, even if a plan sponsor commits a very small plan violation, such an incident can result in hefty ERISA penalties. Even failing to file Form 5500…
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Detrimental Assumptions Plan Sponsors Make
ERISA 04.30.2020

EBSA Gives Filing Relief for ERISA-Related Deadlines

The Employee Benefit Security Administration (EBSA) just launched deadline relief and recommendations related to the current impact of the COVID-19 pandemic, including expanding “good faith” application of electronic delivery. According to the EBSA’s “Disaster Relief…
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EBSA Gives Filing Relief for ERISA-Related Deadlines
Cyber 09.06.2019

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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Study: 25% of Small Businesses Don’t Know Where to Start on Cybersecurity
Cyber 09.06.2019

Study: Small Businesses Not Taking Cybersecurity Seriously Enough

According to the Keeper Security 2019 SMB Cyberthreat Study, companies with fewer than 500 employees just aren’t taking the cyber attacker threat seriously enough. Over 40% of all cyberattacks target small to medium-sized businesses according…
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Study: Small Businesses Not Taking Cybersecurity Seriously Enough
Cyber 09.06.2019

StockX Hack Shows Smaller Businesses Are Vulnerable to Cyber Attacks

The hacks and cyber-attacks you hear about usually involve giant companies like Equifax and Sony. But startup and smaller companies can be vulnerable as well, as shown by the StockX hack. StockX is an online…
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StockX Hack Shows Smaller Businesses Are Vulnerable to Cyber Attacks