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.
About HoganTaylor Technology
HoganTaylor Technology is a newly formed subsidiary of HoganTaylor, encompassing all of the Firm’s information technology service offerings including managed services, outsourced CIO and technology solutions, cybersecurity services, and IT strategy and assessments. If your organization needs assistance in evaluating its technology strategies and goals, please reach out to a HoganTaylor Technology professional to discuss any questions you may have.
INFORMATIONAL PURPOSE ONLY. This content is for informational purposes only. This content does not constitute professional advice and should not be relied upon by you or any third party, including to operate or promote your business, secure financing or capital in any form, obtain any regulatory or governmental approvals, or otherwise be used in connection with procuring services or other benefits from any entity. Before making any decision or taking any action, you should consult with professional advisors.