Data Breach and Cybersecurity Issues in ERISA Benefits Plans

This lesson explains ERISA benefit plans and cybersecurity best practices the DOL issued for those involved with ERISA benefit plans. Experts will discuss how these cybersecurity recommendations impact the scope of fiduciary obligations and best practices to protect benefit plan data, and risk mitigation considerations. The panel will also examine the scope of fiduciary obligations to prevent breaches, NIST and other industry standards, ERISA preemption of state data breach laws, and risk mitigation issues involving third-party administrators (TPAs). Different approaches are necessary when handling long-term disability claims because of varying contractual provisions.