Tracking technology makes employee benefit plans more secure
Roland|Criss’ network intelligence capability means employee benefit plan committees can enjoy a robust cybersecurity defense against the risks posed by third and fourth-party vendors. We help clients navigate digital transformation by enveloping their vendors’ computer network-based services for retirement and healthcare plans in an AI-enabled 24/7 tracking technology.
By integrating the U.S. Department of Labor’s cybersecurity regulations and guidance that require service provider monitoring, cybersecurity best practices, contractual safeguards, and participant education and online security, Cyber-ProtectRC from Roland|Criss helps employers fulfill their fiduciary duty.
How we help our clients
Does your employee benefit plan administrative committee adhere to a protocol ensuring compliance with the U.S. Department of Labor’s sub-regulatory cybersecurity rules? Do you know the last time one of your retirement or healthcare plan providers was hacked and who it affected? Does your monitoring program rank each vendor’s data security against its peers?
Cyber-ProtectRC transforms a fiduciary committee’s approach by leveraging advanced technology and strategically upskilled talent. It ensures protocols align seamlessly with the Department of Labor’s cybersecurity rules and emerging industry standards through cutting-edge solutions such as real-time monitoring, predictive analytics, and automated compliance checks.
By integrating those elements, Roland|Criss modernizes management processes, fortifying defenses while maintaining operational efficiency and trustworthiness in the face of evolving cyber threats.
Making Cyber Risk a Fiduciary Priority
Hear from Roland|Criss about why taking a risk-based approach to cybersecurity matters—and how it can help protect you from costly legal exposure.
A new financial services sector regulatory development may foreshadow a big change in the employee benefit plan world.
The federal government requires employee benefit plan sponsors to appreciate Personally Identifiable Information (“PII”) and to handle it securely. It is a fiduciary matter requiring a definitive governance policy.
The U.S. Department of Labor’s Advisory Council on Employee Welfare and Pension Benefit Plans identified seven categories of practices that should be present in a prudent data security framework. Each category is discussed briefly inside.
The DOL’s position may make H&W plans particularly susceptible to a cybersecurity investigation, especially those impacted by data breach incidents among their providers.
Our cyber score confirms our leadership
Pursue Cyber Excellence!
Identify, reduce, and manage threats
Our third-party risk assessments demonstrate an employee benefit plan’s fiduciary committee’s intent to adhere to the sub-regulatory cybersecurity guidance issued by the U.S. Department of Labor.
The power of AI enables quicker analytics and more insightful testing.
- Assessment frameworks include the Employee Benefits Security Administration (“EBSA”) and the National Institute of Standards and Technology (“NIST”).
- Includes subcontractors to third parties.
- Automated vendor questionnaires and data gathering.
- Evaluates service providers’ cyber policies and practices.
- Reporting styled for plan fiduciaries and auditors.
- Updated and printed quarterly.
We protect data, help ensure compliance, and build trust
A proper cybersecurity management framework for employee benefit plans safeguards sensitive participant data, ensures regulatory compliance, and minimizes the risk of costly breaches. By implementing structured policies, continuous monitoring, and robust access controls, our clients proactively defend against cyber threats.
That not only protects financial and personal information but also aligns with the U.S. Department of Labor’s cybersecurity guidance, reinforcing fiduciary responsibility.
Beyond compliance, a strong cybersecurity framework builds trust among employees and stakeholders. When participants know their benefit information is secure, it enhances confidence in the plan’s administration and the organization’s overall integrity.
Cyber-ProtectRC is a breach predictor
Data security tracking and reporting capability helps fiduciaries by continuously monitoring service provider activity and identifying potential cybersecurity risks. This proactive oversight ensures compliance with regulatory standards and strengthens the overall security posture of employee benefit plans.
The power of Cyber-ProtectRC enables quicker analytics and more insightful testing.
- Using AI we instantly determine your vendors’ risk scores.
- Reports your vendor’s industry quartile ranking from the Vendor Cybersecurity Index.
- Builds a compliance trail for DOL audits.
- Quantifies vendor evaluation and retention decisions.
