Technology
Tech Talk addresses some steps and approaches that can be taken toward and with vendors in order to improve cybersecurity.
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Another retirement plan cyber theft scheme has come to light—and the perpetrators sentenced.
This particular intrusion involved the Texas Employees Retirement System and the machinations of Olumide Bankole Morakinyo, 38, a Nigerian national residing in Canada, and Lukman Shina Aminu, a resident of...
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While it may come as no surprise, new survey results show that auto-enrollment has been an important tool to help young savers get on the right track to saving for retirement early in their careers.
According to the latest quarterly Principal Retirement Security Survey, 84% of workers who were...
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The Department of Labor (DOL) wants everyone to be attentive to cybersecurity protocols as a fiduciary responsibility, but there’s a higher expectation for those “running the systems.”
Tim Hauser, Deputy Assistant Secretary for National Office Operations at the DOL’s Employee Benefits Security...
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Speaking July 27 at the 2021 NAPA D.C. Fly-In Forum, the Acting Assistant Secretary for the DOL’s Employee Benefits Security Administration outlined the key areas the department is working on, including both cryptocurrency and cybersecurity issues.
While noting that he didn’t have much to share...
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The IRS has proposed electronic filing requirements for some information returns and other documents, including returns and documents relevant to retirement plans.
The IRS is proposing regulations that would amend the rules for filing electronically. This would affect persons required to file...
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The IRS on July 22 updated the Voluntary Compliance Program for plan sponsors that are ineligible to sponsor a SIMPLE IRA plan. More specifically, they have updated the VCP Submission Kit.
Plan sponsors may use the VCP Submission Kit if they are ineligible to sponsor a SIMPLE IRA plan because...
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A coalition of representatives of the IRS, the software industry, tax preparers, payroll and tax financial product processors and state tax administrators are urging the use of multi-factor authentication.
Those representatives—numbering 62 state and private-sector offices as well as the IRS and...
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Tech Talk offers some steps one can take to better ensure that a virtual meeting will be effective.
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MarketBeat concerns a recent webcast that outlined some key takeaways—and action steps—concerning the new guidance on cybersecurity the Department of Labor issued.
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If the threat of a cybersecurity breach wasn’t enough cause for concern to take action, an inquiry by the Department of Labor might do the trick.
“We can confirm that the DOL has begun issuing information and document requests under this new initiative, and the requests are probing and indicate...
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In a recent webinar, an industry expert offered some insights on cybersecurity in light of the Department of Labor’s (DOL) recent guidance on cybersecurity.
Speaker Mark Strosahl, Business Information Security Officer at Principal Financial, set the table by noting that Infosecurity Magazine has...
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Tech Talk discusses some terms that the Department of Labor suggests including in a contract with a cybersecurity service provider.
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Tech Talk discusses tips from Department of Labor guidance on best practices for hiring a cybersecurity service provider.
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Tech Talk discusses some best practices for reducing the risk of fraud and loss to retirement accounts.
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Editor’s Note: This is the fourth in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity. The first is here; the second is here; the third is here.
The Department of Labor’s Employee Benefits Security...
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Editor’s Note: This is the third in a series about the guidance the Department of Labor’s Employee Benefits Security Administration (EBSA) issued on April 14 concerning cybersecurity. The first is here; the second is here.
The Department of Labor’s Employee Benefits Security Administration (EBSA...
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The Department of Labor’s Employee Benefits Security Administration (EBSA) on April 14 issued comprehensive guidance on cybersecurity from a variety of perspectives.
Cybersecurity is the goal, and now even more of an imperative since in that guidance, the DOL says that “responsible plan...
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Technology serves, and it also drives change. A recent NTSA webinar focused on the ways technology is changing the industry and the new environment it is creating for financial professionals.
“We’re told that this is a contact sport,” said presenter Toni E. Whaley, a financial planner with...
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When the Labor Department issued last month what it called “new guidance” that it further described as “the first time the department’s Employee Benefits Security Administration has issued cybersecurity guidance”—well, I, for one, was expecting… guidance.
However, rather than an advisory opinion...
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