P&I Retirement Income Virtual Series: Cybersecurity and Protecting Participant Accounts

Companies have a fiduciary obligation to protect the individual retirement accounts of their employees from cyber theft. Unfortunately, over the last couple of years, cyber theft has become an increasing risk for companies that sponsor 401k plans. Our panel will discuss the challenges and tactics to take to secure participant data.

Key areas of our discussion will include:

• Recent DOL guidance and discussion on how to prepare for a potential audit
• Examining your internal controls, vendor management process and service provider vetting
• Plan data as plan assets. Who is responsible for a breach of security – Plan Sponsors or Service Providers?