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…
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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…
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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…
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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….
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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…
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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…
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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…
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New Jersey Excludes ERISA Plan Fiduciaries From New Fiduciary Standards
After letters and testimony from the American Retirement Association, New Jersey has excluded ERISA plan fiduciaries from the state’s upcoming new and expanded fiduciary standards. ERISA will preempt this regulation, allowing for the single nationwide…
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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…
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