10 Critical Questions About Retirement Plan Cybersecurity
Congress is taking an interest in cybersecurity specifically as it relates to retirement plans, providers, sponsors and participants.
Senator Patty Murray, D-Wash., and Congressman Bobby Scott, D-Va., asked 10 important questions (more actually, since each have multiple parts) of the Government Accountability Office last week, seeking answers about protections in place, and what more should be done moving forward.
“Under current law, retirement plan fiduciaries are responsible for designing and administering plans in the best interest of plan participants,” the politicians wrote. “Current law, however, does not address a number of questions related to cybersecurity, and retirement plans fall within a patchwork of federal and state laws and regulations.”
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