New York to Receive $19 Million in Equifax Data Breach Settlement
New York State officials announced that the State of New York will receive just over $19 million from Equifax’s settlement after its 2017 data breach exposed the data of nearly 150 million people. Nearly 8.5…
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Equifax Agrees to $650 Million in Largest Ever Data Breach Settlement
Two years after a 2017 data breach that exposed the data of nearly 150 million people, Equifax has agreed to pay at least $650 million, and possibly more, in the largest ever settlement for a…
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Average Cyber Attack Cost Would Close 48% of Small Businesses
Over half of small to medium sized business executives recently declared that suffering a major data breach is more of a threat to their business than a flood, fire, strike, or physical break in to…
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What do the DOL and IRS Look for When Investigating Your Plan?
Investigation and audit from the U.S. Department of Labor and the IRS, respectively, are possibilities that all TPAs need to be prepared for and ready to handle. These investigations can lead to plan liability or…
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Why Should you get the Bond Compliance Program?
Do you as a third-party administrator wish there was an easy way for you to be able to verify your client’s ERISA fidelity bond coverage when filing the Form 5500? Enter Colonial Surety’s Bond Compliance…
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Efficient Technology Can Level the Pension Professional Playing Field
How can you as a third party administrator or pension professional compete with the company that is able to take on thousands and thousands more plans than you? With innovative technology, you can match the…
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How Can TPAs Best Ensure That No ERISA Bond Mistakes Have Been Made?
As a pension professional, you probably manage hundreds or thousands of employee benefit plans. You have to make sure that all plans have the required ERISA fidelity bond, should they need it, and are bonded…
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Cyber Attackers Can Use Your Own Systems to Steal Your Data
It does not take a computer virus or public data mining for a cyber attacker to cause a data breach at your company. They can use your own systems against you to get what they…
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Cyber Attackers Can Steal from Your Older Files Too
You may think that cyber attackers are only going to go after your current information. However, just as small businesses are targets because they do not protect data as well as large companies, older information…
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