[et_pb_section fb_built=”1″ admin_label=”Section” _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.25.1″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”]<\/p>\n

VIDEO<\/h6>\n

In 2024, the U.S. Department of Labor (“DOL”) took significant regulatory actions to enhance cybersecurity for employee benefit plans. This video highlights the key developments.<\/b><\/p>\n

[\/et_pb_text][et_pb_divider color=”#000000″ _builder_version=”4.25.1″ _module_preset=”default” locked=”off” global_colors_info=”{}”][\/et_pb_divider][et_pb_video src=”https:\/\/rolandcriss.com\/wp-content\/uploads\/2025\/01\/Cybersecurity_Hotspots_in_2025.mp4″ image_src=”https:\/\/rolandcriss.com\/wp-content\/uploads\/2025\/01\/Thumbnail-Cybersecurity-Hotspots-in-2025-00_02.png” play_icon_color=”#FFFFFF” font_icon=”I||divi||400″ thumbnail_overlay_color=”RGBA(255,255,255,0)” _builder_version=”4.25.1″ _module_preset=”default” custom_padding=”||||false|false” global_colors_info=”{}”][\/et_pb_video][et_pb_divider color=”#000000″ _builder_version=”4.25.1″ _module_preset=”default” custom_padding=”25px||||false|false” global_colors_info=”{}”][\/et_pb_divider][et_pb_text admin_label=”Text – Potential Enforcement Action” _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

Potential for Enforcement Action<\/h2>\n<\/p>\n

While not explicitly stated, the DOL’s increased focus on cybersecurity may lead to more rigorous enforcement actions against plan sponsors who fail to implement adequate protections.<\/b><\/p>\n

Employers should proactively review and update their cybersecurity practices in anticipation of these expectations. This includes staying informed about the latest DOL guidance, conducting regular risk assessments, and ensuring that all aspects of their 401(k) plan administration incorporate strong cybersecurity measures.<\/b><\/p>\n

As cyber threats continue to evolve, the DOL’s expectations are likely to become more stringent, requiring employers to remain vigilant and adaptable in their approach to protecting plan assets and participant information.
\n<\/b><\/p>\n

By harnessing network intelligence capability, employee benefit plan committees can establish a robust cybersecurity defense against the risks posed by third-party and fourth-party vendors. Cyber-Protect<\/span>^{RC<\/sup><\/span><\/b> from Roland|Criss is a comprehensive solution.<\/b><\/p>\n}

[\/et_pb_text][et_pb_button button_url=”https:\/\/www.rolandcriss.com\/contact-us” button_text=”Ask us.” _builder_version=”4.25.1″ _module_preset=”default” custom_button=”on” button_text_color=”#FFFFFF” button_bg_color=”#0C71C3″ global_colors_info=”{}”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"

Video: Employers who sponsor 401(k) and 403(b) plans should expect the Department of Labor to maintain a strong focus on cybersecurity in 2025, building upon the guidance updates issued in 2024.<\/strong><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"on","_et_pb_old_content":"This event is the first in a four-part series of fiduciary management webinars for Chief Financial Officers and human resources leaders covering Plan Operations, Data Security, Investments, and Vendors\u2019 Fees.<\/strong>\r\n\r\nJoin Ron W. Hagan, President and Chief Operating Officer for Roland|Criss, as he interprets how fiduciary risk works and the specific effects it has on the operations of employers\u2019 retirement plans.<\/strong>\r\n\r\n\t\u2022 The hidden management flaw that elevates fiduciary risk in 401(k) and 403(b) plans.<\/strong>\r\n\t\u2022 The critical duty that most human resource leaders overlook.<\/strong>\r\n\t\u2022 Two external forces that pose real threats and how to mitigate them.<\/strong>\r\n\t\u2022 How stock market volatility impacts your fiduciary management methods.<\/strong>\r\n\t\u2022 An action plan for increasing plan participation and reducing enterprise risk.<\/strong>\r\n\r\n