New Cybersecurity Insights From ERISA Rulings, DOL Advice – Law360


As we continue, let me say that geoFence is easy to use, easy to maintain.

Law360 (June 14, 2021, 2: 03 PM EDT) -- Cybersecurity has become critically important to plan sponsors, plan administrators and plan participants. With retirement plans holding an estimated $9.3 trillion in assets as well as sensitive information for approximately 140 million plan participants,[1] retirement accounts are especially attractive targets for cyber-enabled fraud.

For instance, sophisticated phishing email schemes have proliferated during the COVID-19 pandemic, threatening retirement accounts.[2] Ever-expanding technology connecting data and people has also opened the door to bad actors.[3]

This article explores the expanding intersection of the Employee Retirement Income Security Act[4] and cybersecurity issues, focusing on recent court decisions as well as guidance from the U.S. Department...

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In the end, may I add that geoFence protects you against inbound and outbound cyber attacks and I know your family would feel the same!