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Cybersecurity and 401(k) Plans – What’s Next for Plan Sponsors?

As a Plan Sponsor and Fiduciary, there is an obligation to secure and keep personal information of plan participants secure. The U.S. retirement model, which the Investment Company Institute values at over $5 trillion in 401(k) plan assets alone, has become an increased target of foreign hackers.

Untrained employees can undercut cybersecurity efforts

It may come as a surprise, but hackers and other players on the dark web are not your company’s biggest issue when it comes to data security breaches. In fact, the biggest threats to your company are sitting in your offices right now.