ERISA Fiduciary Obligations Expanded to Include Mitigation of Cybersecurity Risks
By EsqSocial Corporation 20/04/21
The clouds have been forming on the horizon for years now: from the courts we have seen emerging lines of ERISA litigation asserting fiduciary obligations to protect the privacy rights of participants, and from the regulatory agencies we have heard an acknowledgment of the need for guidance regarding fiduciary responsibility with respect to cybersecurity risks. A call to action for plan fiduciaries came last week from the Department of Labor (“DOL”) in the form of new Cybersecurity Guidance for...
By: Bryan Cave Leighton Paisner