For the first time, the Department of Labor (DOL) issued Cybersecurity regulations for benefit plans regulated by ERISA. The guidelines, issued in April, provide best practices on Cybersecurity programs, Online Security Tips and Tips for Hiring a Service Provider. As a reminder, any benefit plan such as medical plan with more than one participant must comply with ERISA regulations. A few of the tips from the DOL include;
What can businesses do to ensure participant information is secure?