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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Cyber Attacks Versus Small Businesses Rising

Larger companies are investing more money into their cybersecurity defenses as cyber attacks and data breaches become more prevalent, happening to entities ranging from larger companies like Sony to esteemed organizations like NASA. So cyber criminals are turning their focus...

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Cyber Attackers Running Small Businesses Out of Business

Large companies are investing in cybersecurity defenses and protections as cyber attacks become more sophisticated. With these larger companies being harder to breach, cyber attackers and hackers have focused their energy and attacks on small businesses with little invested in...

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90% of All Data Breaches Hurt Small Businesses

Your small business does not have to store sensitive data to be part of a data breach. Giant companies like Sony and Equifax may be the ones who have that sensitive data such as credit card numbers that is stolen...

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Your Company Doesn’t Need to Store Information to be Victim of Cyber Attack

A common misconception is that a company needs to store some type of information to be a target of a cyber-attack or data breach. But you would be incorrect. Having something as simple as a payment system makes you a...

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House Passes New 401(k) Bill

The United States House of Representatives has passed a bill resulting in the most significant changes in years to 401(k) plans. With the Setting Every Community Up for Retirement Enhancement, or Secure, Act, it is now easier for employers to...

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Equifax Took Cybersecurity Seriously, Was Still Hacked

Every organization should take cybersecurity seriously, from the mom and pop shop down the street to Amazon. Equifax CEO Mark Begor testified to the United States Senate that the company took cybersecurity seriously prior to the 2017 hack that breached...

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New Jersey Expands Data Breach Laws

New Jersey recently passed a law requiring businesses to notify consumers of online breaches. This, theoretically, would allow consumers to change information to limit attackers’ access to their accounts, such as passwords or usernames. It also would give consumers a...

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Pension Industry Vulnerable to Cyber Attacks

According to a new report from Moody’s Investors Service, some of the industries most likely to be attacked by cyber attacks are finance, investment, and securities. This includes the retirement and pension industries as all of these are highly reliant...

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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 an expert under the circumstances in their field would. They also owe a duty of loyalty to...

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