Summary
The Internal Revenue Service and the Security Summit partners
recently issued a news release outlining the "Security
Six," a list of essential steps to protect stored employee
information on networks and computers. Employee benefits
professionals, including those who administer welfare and
retirement plans for employees and beneficiaries, should review and
implement the "Security Six" in order to protect
sensitive data from cyberattacks.
In Depth
Background
In recent years, cybercriminals have exponentially increased
cyberattacks and continuously invent new ways to commit data and
identity theft. Benefit plan sponsors and plan administrators often
share and store sensitive employee data in order to administer
benefit plans. Plan sponsors and fiduciaries must consider the
importance of strong cybersecurity measures in order to safeguard
sensitive personal data. If not, cyberattacks could result in
account takeovers, identity theft and data integrity
