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DOL Issues New Cybersecurity Guidance: A Step Towards Minimum Expectations
Ice Miller LLP 
[Guidance Overview] May 4, 2021 "The DOL specifically recommends negotiating the following terms in vendor contracts to enhance cybersecurity protection for retirement plans and participants: [1] Information security reporting ... [2] Clear provisions on the use and sharing of information and confidentiality ... [3] Notification of cybersecurity breaches ... [4] Compliance with records retention and destruction, privacy and information security laws ... [5] Insurance." |
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