The Department of Labor (DOL) recently issued guidance regarding cybersecurity for qualified retirement plan fiduciaries, service providers and plan participants. As a retirement plan fiduciary, you are expected to protect plan data by making sure that you establish good internal controls around cybersecurity and service providers, like record keepers and third party administrators, are doing the same on your behalf.
Per the DOL’s recommendations, you should be thinking about how you can help your plan participants be more mindful about their behavior as it relates to cybersecurity, whether its suggesting a best practices approach or highlighting the importance of cybersecurity as a fiduciary duty.
It’s up to you to ensure that your people, processes and technologies are up to par. Join us for a virtual panel discussion with Sentinel Group and Nixon Peabody LLP as we discuss DOL best practices and provide you with ways to mitigate risk by establishing a cyber-program that works.