In this session, we will examine the most frequent cybersecurity issues encountered during Department of Labor (DOL) audits and related litigation and advise on strategies to mitigate risks in case of an audit. Our discussion will include typical questions posed by the DOL, common risk patterns affecting both fiduciaries and non-fiduciaries in ESOP contexts, relevant insurance coverages, and ways to reduce risk through careful vendor selection and management. We will also address how to handle cyber breaches and other prevalent concerns in this area. Special attention will be given to the impact of social media on cyber audits and effective methods to lessen associated risks. Join us to gain valuable insights into navigating the complex intersection of cybersecurity and ESOP-related audits.
Learning Objectives:
Identify cyber risks associated with the operation of their ESOP and underlying business.
Develop proactive policies and take proactive measures to minimize cyber risks.
Answer questions raised by the DOL or other regulatory bodies concerning cyber issues