Data Breach Costs Often Felt 2 or More Years After Hack
Cyber attacks can cause large amounts of sensitive and valuable data to be exposed via hackers. But cyber attack effects do not end as soon as the data is exposed soon after the attack. The…
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The U.S. has Lost $1.6 Trillion Due to Data Breaches Since 2008
Since 2008, the United States has lost an overall amount of more than $1.6 trillion due to data breaches alone. Even these figures may be on the low end of the real number lost, however, as…
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Plan Fiduciary Breach Complaints Rise as Markets Fall
The biggest thing that plan fiduciaries can do to prevent claims of fiduciary breach is to implement and follow prudent fiduciary policies, procedures, and practices. This would theoretically cover issues involving costs, conflicts, and due…
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Pension Professionals: Simplify the ERISA Bonding Process
Managing employee benefit plans seems to keep getting more and more complicated every year. Fiduciary duties remain opaque and retirement plans and benefits have morphed over time. One of the more confusing processes for the…
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NYC Law Firm Releases 2019 Fiduciary Guide
It is hard for a fiduciary to determine what exactly would be a breach of their fiduciary duty to a retirement plan. That is where New York based law firm Cohen & Buckmann, P.C.’s 2019…
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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 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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