On April 14, the Department of Labor (“DOL”) issued a cybersecurity guidance package directed at sponsors of, and service providers to, plans regulated under the Employee Retirement Income Security Act (“ERISA”). This is the first such guidance the department has issued, and advisers should expect clients to inquire about how to comply with it. Also, advisers may view the issuance of the guidance as an opportunity to consult with their clients on this highly technical compliance matter.
In the PLANADVISER article, “Cybersecurity and ERISA,” Groom principal David Kaleda covers the DOL’s cyber guidance, including best practices for fiduciaries and service providers to help with compliance.
To read the article, click here.