West Coast Defined Contribution Conference
Pensions & Investments
David Kalat took part in a panel on "Cyber-security Watch" on October 9. Panelists discussed retirement plan data protection, which is on the radar of plan sponsors, particularly as many now integrate multiple streams of data on the plan financial dashboard. While cyber risk management typically falls under the bailiwick of the service providers, plan sponsors are asking to be educated on the type of cyber risk assessment and protection they offer. Recent state proposals—from New York and Colorado, to name two—covering cyber security in risk assessment processes by financial services firms have broader implications for all types of financial data, including retirement plan data.