US Dept. of Labor Announces Cybersecurity Guidance for Plan Sponsors, Plan Fiduciaries, Record-Keepers and Plan Participants

The U.S. Department of Labor (“DOL”) recently issued guidance on best practices for ‎maintaining cybersecurity directed to plan sponsors, fiduciaries, record-keepers and ‎participants of employee benefit plans governed by the Employee Retirement Income ‎Security Act of 1974, as amended (“ERISA”). While some prior cybersecurity guidance ‎has been issued for certain employee benefit plans governed by ERISA ‎, this is the ‎first guidance issued by the Employee Benefits Security Administration (EBSA) of the ‎DOL related to cybersecurity.‎

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