U.S. Department of Labor expands cybersecurity guidance to cover health and welfare plans under ERISA.
The U.S. Department of Labor has expanded its cybersecurity guidance to include health and welfare plans under ERISA, alongside retirement plans. This update emphasizes the need for stronger data protection measures for all ERISA-covered employee benefit plans. The guidance outlines best practices for service providers and highlights the fiduciary responsibility to safeguard participant information against cyber threats, affecting millions of workers and retirees.
September 09, 2024
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