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Do Recordkeepers Differ in What They Offer for Cybersecurity?
BenefitsLink Message BoardsLink to more items from this source
Aug. 24, 2021

"Plenty of advisors are preaching to retirement plans' fiduciaries (mostly, employers) that they ought to do something about cybersecurity. Imagine an employer takes heed, and tries to follow EBSA's Tips for Hiring a Service Provider with Strong Cybersecurity Practices. Step 6 is about what a fiduciary should seek to include in (or delete from) a service provider's contract. It includes a list of five or six provisions a fiduciary should seek. But is this realistic?"

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