cyber attack Archives - Word on Benefits

Cyber Insurance: Do You Have It? Do You Need It?

Kathy Bergstrom, CEBS

23 Jul 202423 Jul 2024

The frequency and costs of data breaches continue to rise globally, with the average price tag of a data compromise reaching US$4.45 million in 2023, according to a recent report from IBM Security. Cyber insurance can help protect your organization from bad […]

Compliance Cybersecurity DOL Employee Benefits

Five Critical Components of a Cybersecurity Compliance Review

Kathy Bergstrom, CEBS

15 Sep 202215 Sep 2022

Cybersecurity should be top of mind for retirement plan fiduciaries, not only because the risks of a data breach or fraud are on the rise but also because the Department of Labor (DOL) has begun auditing retirement plans with a focus on […]

Canada Cybersecurity Employee Benefits Fraud Insurance U.S.

Should You Consider Cyberinsurance for Your Organization?

Alyssa Hodder, GBA

16 Aug 202116 Aug 2021

Do you have the right level of protection against cyberattacks? Does your current insurance even cover them? What about cyberinsurance? If you’re not sure, you’re not alone. At our recent Fraud Prevention Institute, Katharine Hall, senior vice president and cyberpractice leader with […]

Canada Coronavirus (COVID-19) Cybersecurity Employee Benefits Fraud U.S.

Cybersecurity Risks: Protecting Your Data from Cyberattacks

Alyssa Hodder, GBA

07 Jun 202103 Jun 2021

The COVID-19 pandemic has greatly accelerated the use of technology at work, and the risk of cyberattacks has grown exponentially. Katharine Hall, senior VP, cyber practice leader with Aon, and Hugh Wright, partner with McInnes Cooper, discussed the risks and how to […]

Canada Cybersecurity Employee Benefits Fraud U.S.

Five Strategies to Help Thwart Ransomware Attacks on Your Plans and Trusts

Robbie Hartman, CEBS

28 Apr 202128 Apr 2021

As the threat of ransomware reaches new heights, plan and trust administrators should be aware of risk mitigation strategies that can help protect their organizations, plans and participants. Ransomware, which involves a cybercriminal locking computer content and then asking the user for […]

Cybersecurity Employee Benefits Fraud

Eight Steps to Enhance Your Plan’s Cybersecurity

Robbie Hartman, CEBS

03 Jun 201903 Jun 2019

Criminals want what benefit plans have: personal identifiable information that can be sold for great value on the dark web. Pension and benefit plans, administrators and affiliated trade unions of all sizes face the threat of cyber attacks over their stores of […]

Employee Benefits Human Resources (HR)

Cyberattacks: Employers on Guard

Justin Held, CEBS

20 Apr 201521 Apr 2015

News headlines pertaining to cyberattacks are becoming increasingly common. In December 2013, Target announced that sensitive information from approximately 70 million individuals had been breached, including names, mailing addresses, phone numbers and e-mails. In December 2014, Anthem, the second-largest health care insurer […]

Human Resources (HR)

10 Ways Employers Are Prepared for the Worst

Anne Patterson

17 Mar 201517 Mar 2015

During my morning commute, I’m usually thinking about my to-do list for the day, how to avoid the next traffic jam or what to make for dinner that night. I’ve spent my drive time thinking about a lot of things, but never a […]