US Department of Labor Announces New Cybersecurity Guidance for Benefit Plans

By Adam Prichard, CISSP, MCSE, CEH, Cyber Security Consulting Executive

With the continued increase of cybersecurity attacks, it is not a surprise that the Department of Labor has recently issued guidance around the best practices for maintaining cybersecurity for plan sponsors, plan fiduciaries, record-keepers, plan participants. These guidelines are not new to other regulated industries like financial institutions (Banks) and utilities, but most of them are considered the basics for critical infrastructures.

While the notice does not address the enforcement of these guidelines at this time, it is to be expected. Any efforts made to implement these guidelines would not only prepare an organization for any enforcement, but it would aid in the ability to protect its investor’s interest and ensure the ability to continue to serve them in the future.

HoganTaylor Technology has a team of experts who specialize in implementing, assessing, and testing these cybersecurity systems and controls. If you would like an assessment of the maturity level of your organization against these baselines, please contact us.