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Cybersecurity Concerns for ERISA Fiduciaries, Today’s General Counsel

April/May 2016

The FBI now ranks cybercrime as one of its top law enforcement priorities, and President Obama’s proposed budget would sharply increase spending on cyber security, to $14 billion.

Not only is personally identifiable information and data accessible with the click of a mouse, it’s transportable via applications on smart phones, tablets and laptops. The more immediate and available personal data becomes, the greater the risk for a potential breach or unauthorized disclosure or access, as is evident from the cyber attacks on major retail operations, health care providers and the government.

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