New Jersey Resumes Recreational Activities on July 2
On Wednesday, Governor Phil Murphy announced museums, arcades, bowling alleys, aquariums and other recreational activities will open to the public starting next week. Batting cages and shooting ranges can resume Thursday at 25% capacity, the…
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Why Small and medium-sized enterprises are Expanding Cyber Insurance Budgets
During this time of uncertainty, industries are particularly vulnerable to cyber breaches. Last year alone, ransomware targets forfeited over $1.3 billion to hackers, including high-profile victims like hospitals, airlines and retailers. However, small businesses are…
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IRS Grants RMDs Rollover Relief
Novel guidance has been published by the Internal Revenue Service, who extended the rollback period for minimum distributions already taken this year. The guidance encompasses a series of FAQs and offers plans with sample amendments…
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Twitter Data Leak Exposes Clients
Twitter has just informed their business clients of a potential data breach include phone numbers, email addresses, and card numbers that may have been exposed by hackers. Billing information viewed on Twitter Ads or Twitter…
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Pension Risk Transfers Drop in May
Pension risk transfer premiums fell significantly last month due to a continuous decline in both annuity purchase rates and discount rates. Per the latest pension buyout index study, discount rates sunk 27 basis points this…
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Malicious Chrome Extensions Downloaded Millions of Times
Google has deleted scores of fake and malicious Chrome extensions used in a devastating global eavesdropping effort. Identified by Awake Security, the threat was found in 111 of malicious extensions over the last three months….
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DOL Proposal Fortifies Fiduciary Role in ESG Investing
According to a new proposed rule from the Labor Department, ERISA plan fiduciaries are not allowed to invest in ESG vehicles that take on more risk and sacrifice investment returns. The rule, published Tuesday night,…
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Fidelity Investments Reaches Settlement in ERISA Lawsuit
Fidelity Investments just reached a settlement with former plan participants in the firm’s 401(k) plan, who accused plan fiduciaries of violating ERISA laws. Filed on June 18 in U.S. District Court in Boston, the plaintiffs…
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FEMA Employee Indicted for Medical Center Hacking
A Michigan man has been charged with hacking into the database of a medical center and swiping over 65,000 employee information. Justin Sean Johnson, an IT Specialist at the Federal Emergency Management Agency (FEMA) was…
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