According to a recent survey, about 45 percent of companies do not have a chief information security officer (CISO). As technology consultancy West Monroe's The Importance of a CISO observes, it would be terrific for all organizations to have a CISO, but that simply may not be practical for some, particularly smaller organizations. Recent internal audit guidance issued by the federal Department of Labor (DOL), however, directs its investigators to verify the designation of a CISO when auditing retirement plans.
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Do Retirement Plans Need a Chief Information Security Officer?
SHRM | Mar 2022
Why Cybersecurity for Retirement Plans Is More Important Than Ever
Plan Sponsor | Dec 2022
Cybersecurity Must be a Priority for Plan Fiduciaries
Financial Cadence | Oct 2022
Cybersecurity Experts Warn of Increased Fraud Risk to Retirement Plans
Plan Adviser | Oct 2022
2022 Cybersecurity Issues and Recommendations for ERISA Plan Fiduciaries
Perkins Coie | Jan 2022
Cybersecurity and ERISA Plan Management
Roland Criss | Aug 2022
Developing a Prudent Process for Cybersecurity
Groom via PlanSponsor | Aug 2021
Tips for Hiring a Service Provider
Tips For Hiring a Service Provider With Strong Cybersecurity Practices
DOL | Apr 2021
401k Service Providers and Cybersecurity: Questions to Ask
401(k) Help Center
Related reading: Another Cybertheft Lawsuit Spotlights 401(k) Recordkeeper Procedures
Cohen & Buckmann | Aug 2022
DOL Issues Cybersecurity Best Practice for Retirement Plans
The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) in April 2021 issued much-anticipated cybersecurity guidance for employee retirement plans. The essence of the guidance is that responsible plan fiduciaries have an obligation to ensure proper mitigation of cybersecurity risks.
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DOL Issues Cybersecurity Best Practices for Retirement Plans
Jackson Lewis via SHRM | Apr 2021
Related reading: Cybersecurity Requests Appear in DOL Audits
Groom | Oct 2021
New Cybersecurity Guidance for Plan Sponsors, Plan Fiduciaries, Record-Keepers and Plan Participants
Cybersecurity Program Best Practices
Tips for Hiring a Service Provider with Strong Security Practices
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DOL Press Release and Guidance
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