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DOL updates cybersecurity guidance

The Department of Labor (DOL) updated current cybersecurity guidance for plans governed by the Employee Retirement Income Security Act, including health and welfare plans.

The new Compliance Assistance Release provides best practices in cybersecurity for plan sponsors, plan fiduciaries, recordkeepers, and plan participants.

The release updates DOL’s 2021 guidance and includes Tips for Hiring A Service Provider, Cybersecurity Best Practices, and Online Security Tips.

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