Posts Tagged ‘cybersecurity’

It is not just about protecting financial assets; it’s about preserving the confidence in a system that In the landscape of modern financial security, defined contribution plans stand as fortresses safeguarding the future of the workforce. The towering $10.2 trillion in assets within these plans is a testament to the collective effort of countless individuals…

On Friday, September 6, 2024, the U.S. Department of Labor (DOL) confirmed that its 2021 cybersecurity guidance extends to all employee benefit plans, including health and welfare plans. This clarification, issued through a Compliance Assistance Release, underscores the importance of robust cybersecurity practices across all sectors of employee benefits, not just retirement plans. The retirement…

You’re on Facebook, LinkedIn or X and get a message. Maybe it’s from a stranger in your industry, maybe someone from your hometown claiming to know you from way back when. The person wants to reconnect or get your advice. This could all be wonderful. Or it could be the start of a scam. Unfortunately, security…

The power of AI has been in the news with the release of Chat GPT and similar AI programs. Security researchers tested Chat GPT to see if the program could write malicious code—and it came very close. With every technological advance, there are always added risks. But there can be benefits as well. AI can…

Financial institutions have an obligation to safeguard your personal financial information, but you have an important role to play as well. While even the best procedures can’t prevent all instances of cybercrime, understanding how customer account takeover incidents and theft of personal financial information might occur and taking steps to minimize your risk can make…

Trying to overhaul every aspect of your cybersecurity system at one time can be overwhelming. For that reason, the Savvy Cybersecurity Quick Reference Guide asks you to commit to just three actions to take in the upcoming 30 days to improve your cybersecurity. But how do you ensure you keep improving your security? By building…

Identity crime involving government benefits, social media accounts and other scams jumped by 36% in 2021 to an all-time high, according to the Identity Theft Resource Center. The good news is that there are several ways individuals can protect themselves. About 15,000 people reported an identity-related crime or attempted fraud in 2021, up from roughly…

More consumers are conducting financial transactions online and may become vulnerable to tracking, hacking, identity theft, phishing scams, and other cyberspace risks. While nothing can guarantee complete safety on the Internet, understanding how to protect your privacy can help minimize your exposure to risk. Here are some ways to safeguard your information: Read privacy policies.…

Identity theft is one of the fastest growing crimes in the United States, with as many as 10% of Americans over age 16 victims last year, according to a bulletin from the Bureau of Justice Statistics. Identity theft is a type of fraud in which a thief uses your personal information to conduct transactions in…