Financial Markets More Vulnerable to Cyber Attacks
According to a new report from SWIFT and BAE Systems, financial markets are becoming more and more vulnerable to cyber attack and data breaches. With so many participants and points of entry, the report states that…
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The Sony Hack Shows How Vulnerable Your Retirement Plan Is
Sony is one of the largest companies in the world. Its products include everything from movies to cameras to financial services. Its 2014 hack should show you that even if their information is vulnerable to cyber…
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Quick Data Breach Response Time Can Save Your Company
Not only is the number of data breaches increasing every day, but the speed with which customers find out about them is increasing as well. Word is spreading on social media and through online articles…
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Identity Theft Protection Isn’t Enough Against Cyber Attacks
For years, the biggest fraudulent internet schemes you had to worry about involved identity theft, whether it be a Nigerian Prince requiring your personal info to receive a portion of his wealth or just someone…
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Businesses Need To Be Proactive When It Comes to Cybersecurity
As technology becomes more advanced with supply chains becoming automated, data stored remotely in the cloud, and robots working in factories, companies have to become proactive on the cybersecurity front and update their infrastructure to…
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The Need for Fiduciary Liability Insurance is Greater than Ever
A fiduciary’s liability is one of the most misunderstood areas of exposure for those involved with retirement plans. If your company is a small company, it is particularly important to consider the fact that as…
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In Fiduciary Breach Case, Fiduciaries Must Prove That Choices Did Not Cause Loss
The three main elements of a fiduciary breach case are: 1) a breach, 2) a loss, and 3) that the loss was caused by the breach. Unfortunately for breaching fiduciaries, they’re often the ones who…
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Can You Avoid Fiduciary Liability?
In the case of White v. Chevron (N.D. Cal 2016), the plaintiffs alleged breaches of its fiduciary duty for not choosing proper investments for plan funds, by choosing to invest in funds that performed poorly, and cost…
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Why Does Your Plan Need an ERISA Fidelity Bond?
Plans can very easily come under threat. Whether it’s from larceny, forgery, embezzlement, or misappropriation, theft, and fraud are unfortunate facts of plan administration. So how do you protect your plan against those threats of…
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