COVID-19’s Effect on the Data Breach Terrain
The coronavirus pandemic is compelling businesses across all industries to incorporate new and improved cybersecurity measures into their daily activities. A three-month examination from Teiss, a cybersecurity hub, reports that new threats are emerging faster…
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Fast Data Breach Response Time Can Salvage Your Company
It is commonly understood that data breaches are emerging at a more rapid pace due to the high volume of people working from home and shopping online. Therefore, your company’s response time towards a cyber-breach can be…
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What is the Cost of a Data Breach?
Like any other variety of pervasive thievery, data breaches emerge with a ponderous cost. Data thieves utilize evolving criminal techniques to carefully slip past sub-par security measures and expeditiously dine on a company’s finest sensitive…
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What is ERISA’s Bonding Requirement for Our Employee Benefit Plan?
Suppose you’re a plan fiduciary that handles a 401(k) for your company. It can be tough to keep up with the prerequisites for the Employee Retirement Income Security Act of 1974, or ERISA. How do…
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Wisconsin Sees Spike in ERISA Class Action Claims
In the past few months, Wisconsin, among other states, has seen a rise in class litigations involving breach of fiduciary duty claims under the Employee Retirement Income Security Act of 1974, or ERISA. These types…
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Missouri Historical Society Data Compromised During Cyber-Breach
The Missouri Historical Society, or MHS, recently notified their donors that personal information like dates of birth, names, and addresses was possibly compromised during a severe data breach. Transpiring in May of this year, the…
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What is a Fiduciary Duty?
A fiduciary is an organization or individual that holds the critical power and responsibility of acting on behalf of others. A fiduciary pledges to carry out their daily duties honestly and through good faith. A fiduciary…
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Digital Banking App Dave Suffers from Security Breach
The banking app Dave announced they had encountered a security breach after a cyber-hacker published the sensitive information of over seven million users on a public forum. The company stated the security breach stemmed from a…
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Arkansas Teacher Pension Sues Allianz Global Investors for Fiduciary Breaches
The Arkansas Teacher Retirement System, or ATRS, has filed a lawsuit against Allianz Global Investors to restore over $774 million in losses allegedly suffered due to negligence, fiduciary and contractual breaches of duty. The suit…
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