The Fiduciary Duty of Protecting Against Cyber Attacks

Under ERISA, fiduciaries are subject to the prudent expert standard of care, in which they have to act with diligence, care, and skill under the circumstances as professionals their field would. They also owe a duty of loyalty to the...

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Protections Against Cyber Attacks & Data Breaches

Cyber attacks seem to happen every week these days. As those bigger companies beef up their cybersecurity to prevent hacks, cyber attackers are increasingly likely to go after the less protected companies which ends up being smaller companies. How can...

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What is a Data Breach?

Retirement plans are becoming more and more vulnerable to cyber attacks as the number of attacks and methods of breach increase. But what exactly is a data breach and what are cyber attackers after? Data breaches, in a nutshell, are...

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Data Breach Victims Can Sue Without Proof of Harm from Breach

The U.S. Supreme Court has found that Zappos, an Amazon subsidiary, can be sued by customers who were victims of a Zappos data breach in 2012 without the customer showing that the breach harmed them. The Supreme Court agreed with...

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Mass Emails Can Expose Personal Data

English government department of the Home Office has recently come under fire for accidentally exposing hundreds of email addresses after communicating with EU applicants hoping to settle in the UK via mass email. Over 200 personal email addresses were exposed...

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Business Owner Data Breach Liability

Cyber attacks on businesses are almost becoming a matter of “when” and not “if.” If a cyber attacker is able to hack your business and steal sensitive and valuable data from your business, what kind of liability does a business owner...

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Even NASA Can Get Hacked

You may think that you have got the latest training and safeguards against cyber attacks, but if even NASA can get hacked, how safe are you really? The U.S. National Aeronautics and Space Administration, the people who landed on the moon,...

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Cyber Attack “Kill Chain” has Shortened

Even as cyber attacks become more sophisticated, hackers’ cyber kill chain, or the number of steps it takes to complete a cyber attack, has greatly shortened. Whether they have been able to become more efficient or users have made themselves...

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Cyber Attack Causes Another Business to Shut Down

Once again, a cyber attack has caused a previously flourishing company to shut down. Asco, a manufacturer of aircraft parts founded in Belgium but owned by U.S. company Spirit AeroSysterms, has shut down indefinitely following a cyber attack on the company’s...

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Moving a 401(k) Between Jobs is About to get Simpler

A proposed exemption by the U.S. Department of Labor to the Employee Retirement Income Security Act of 1974 (ERISA) designed to allow easier transfer of a 401(k) from one job to another is expected to be finalized this summer. The...

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