Bank of America Discovers Data Breach in PPP Application Process
Bank of America Corporation has informed its customers of a serious data breach affecting those who have applied for the Paycheck Protection Program (PPP). On April 22, client information was left vulnerable when the bank…
Read Moreabout Bank of America Discovers Data Breach in PPP Application Process
Amazon Fights off Largest Ever DDoS Attack
Amazon announced its cloud-services provider, Amazon Web Services, recently fended off the greatest DDoS cyber-attack in history. Amazon web services, which offers the very infrastructure hundreds of companies rely on, defended itself against a Distributed…
Read Moreabout Amazon Fights off Largest Ever DDoS Attack
401(k) Plan Administrators: Beware of Increasing Identity Fraud
According to Javelin Strategy & Research’s 2020 Identity Fraud Report, digital criminals are targeting the financial services industry and their devastating tactics will negatively impact customers throughout the next 12 months. The study amplifies that…
Read Moreabout 401(k) Plan Administrators: Beware of Increasing Identity Fraud
Putnam Settles for $12.5 Million in ERISA Case
In recent ERISA litigation headlines, there was a monumental divide between the nation’s courts in determining who exactly bears the burden of proof in a lawsuit. The original case, Brotherston v. Putnam Investments, LLC was…
Read Moreabout Putnam Settles for $12.5 Million in ERISA Case
Plan Sponsor Cybersecurity Responsibilities
If you are a plan sponsor, you set up retirement plans for your employees. Retirement benefit plan administrators harbor personal information of employees, like social security numbers and email addresses, in myriad electronic records. Plan…
Read Moreabout Plan Sponsor Cybersecurity Responsibilities
Unearthing the Cyber Dimensions of the COVID-19 Pandemic
Since the dawn of the coronavirus crisis, there has been a sharp increase in the amount of devastating cyber incidents across the globe. Per the cybersecurity firm CYE, the beginning of February and thereafter has…
Read Moreabout Unearthing the Cyber Dimensions of the COVID-19 Pandemic
What Types of Insurances Cover COVID-19 Losses?
In light of the recent coronavirus outbreak, more and more people are dealing with insurance-related problems handling the outbreak of the disease. What types of losses are you covered under insurance that could possibly stem…
Read Moreabout What Types of Insurances Cover COVID-19 Losses?
The Great Data Heist: The 21st Century’s Biggest Data Breaches
As we move further into the 21st century, cyber attacks and data breaches are becoming more and more prevalent. Personal information, including social security numbers and private email exchanges are becoming publicly available thanks to…
Read Moreabout The Great Data Heist: The 21st Century’s Biggest Data Breaches
43% of Data Breaches Victims Are Small Businesses
The 2019 Verizon Data Breach Investigation Report, which tracked 41,686 security incidents from 86 countries and 73 different data sources, including 2013 total data breaches, has been released and states that small businesses were the…
Read Moreabout 43% of Data Breaches Victims Are Small Businesses