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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Survey: 83% of Organizations Have Had a Data Breach

According to a survey of over 1,000 United States companies conducted by Opinion Matters, 83% of surveyed companies have experienced some sort of accidental data breach. More exposure occurred through employees accidentally exposing data through personal email than through company...

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Average Time Taken to Identify and Contain a Data Breach

According to a survey by the Ponemon Institute of 477 companies that experienced a data breach in 2018, the average number of days to even identify a data breach could be as high as 221 days and up to another...

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Financial Markets More Vulnerable to Cyber Attacks

According to a new report from SWIFT and BAE Systems, financial markets are becoming more and more vulnerable to cyber attack and data breaches. With so many participants and points of entry, the report states that the threat of a cyber...

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Quick Data Breach Response Time Can Save Your Company

Not only is the number of data breaches increasing every day, but the speed with which customers find out about them is increasing as well. Word is spreading on social media and through online articles more quickly than you could...

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Identity Theft Protection Isn’t Enough Against Cyber Attacks

For years, the biggest fraudulent internet schemes you had to worry about involved identity theft, whether it be a Nigerian Prince requiring your personal info to receive a portion of his wealth or just someone using your publicly available personal...

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