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Retirement Plan Lawsuits Show Value of Cybersecurity Policies (PDF)
Carol Buckmann 
Apr. 2, 2025 "In the last week of February, six class actions were filed in the U.S. District Court for the Northern District of Illinois against [one] retirement plan administrator ... These complaints illustrate the many federal and state causes of action that can be pursued by aggrieved plaintiffs in addition to [ERISA] claims, including emotional distress, invasion of privacy and violation of consumer fraud laws. ... While no protections are 100% foolproof, [the plan administrator] might have avoided these suits by following a good written cybersecurity policy." MORE >> |
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