WebApr 14, 2024 · Today, the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) issued much anticipated cybersecurity guidance for employee retirement plans. This comes more than four and a half years after the ERISA Advisory Council, a 15-member body appointed by the Secretary of Labor to provide guidance on … WebApr 28, 2024 · On April 14, the EBSA issued guidance for plan sponsors, plan fiduciaries, plan service providers, and plan participants on best practices for maintaining cybersecurity and protecting retirement plan assets (2024 Guidance). [2] The 2024 Guidance is the first formal guidance issued by the EBSA on cybersecurity and builds upon a report by the …
DOL Issues Cybersecurity Guidance - Spencer Fane LLP
WebApr 13, 2024 · Until further guidance is issued, items and services recommended with an "A" or "B" rating by the USPSTF on or after March 23, 2010, will be treated as preventive care for purposes of Code section 223(c)(2)(C), regardless of whether these items and services must be covered, without cost sharing, under PHS Act section 2713. WebMay 20, 2024 · EBSA Privacy and Cybersecurity Guidance The first part provides plan fiduciaries with a framework for reviewing a vendor’s cybersecurity practices. The second part provides a robust list of … brush wet
DOL Issues Cybersecurity Guidance on Protecting Retirement Plan Assets ...
WebApr 14, 2024 · The EBSA’s guidance asserts cybersecurity should be a top priority for ERISA plan fiduciaries in fulfilling their duties to the plans they oversee and suggests … WebMay 12, 2024 · This guidance complements EBSA’s previously released regulations on electronic records and disclosures which require that reasonably calculated steps are taken to protect the confidential information of participants and beneficiaries. Plan fiduciaries should carefully analyze the new DOL cybersecurity guidance as part of broader … WebJul 14, 2024 · In response to a recent General Accounting Office (GAO) report recommending federal guidance to mitigate cybersecurity risks in retirement plans and … examples of ethical and unethical leaders