If Not Now, When? It’s Time for Cybersecurity to Be a Plan Priority
Plan sponsors and service providers collect and share personal information about millions of workers. Not all organizations have made cybersecurity a priority, but they should.
Increasingly, the targets of cyberattacks on the retirement industry are plan sponsors, who often do not have the same level of protection in place for sensitive employee data as providers.
The Securities and Exchange Commission, Department of Labor, various industry organizations, and several states have been working on guidelines and regulations to protect data. Learn more in Terry Dunne’s latest article in 401(k) Specialist.
The material in this blog is presented for informational purposes only. Millennium Trust Company performs the duties of a directed custodian, and as such does not sell investments or provide investment, legal or tax advice.