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Senate Committee Eyes Lack of Guidance on ERISA Cybersecurity
Trucker Huss 
Apr. 8, 2019
"There is no definitive answer to the question of whether the sponsor of a benefit plan is subject to the fiduciary standards of ERISA with respect to implementing cybersecurity measures to protect participants' financial data ... Acknowledging a complete lack of guidance, on February 12, 2019, the Senior Pensions Counsel for the Senate Committee on Health, Education, Labor, and Pensions sent a letter to [GAO] requesting guidance ... on issues related to cybersecurity and the private retirement system."
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