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ON DEMAND: Employee Benefits Tax Series: Cybersecurity Risks and Best Practices for Retirement Plans
Credit: 0 Credit Hours
Cybersecurity has been a hot topic for many years as security breaches involving companies and organizations that are household names have become common. While cybersecurity is a concern for enterprises of all types, the issues for employee benefit plans – which have large pools of assets (and participants depending on those assets), maintain sensitive participant information, and are generally managed by fiduciaries subject to strict fiduciary standards – can be particularly acute. Into this landscape, the U.S. Department of Labor on April 14, 2021 issued three-part guidance related to cybersecurity for plans as follows:
- Tips for hiring a service provider
- Cybersecurity program best practices
- Online security tips
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Sponsored by: Employee Benefits Committee of the D.C. Bar Taxation Community
- Michelle Capezza, Member, Epstein Becker Green
- Matt Ryan, Senior Counsel, Equity & Benefits, Hewlett Packard Enterprise
- Adam Stella, Executive Partner, Moulton Moore Stella (Moderator)
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