401(k) Plans and the Cyber Security Threat | What Should a Plan Fiduciary Worry About and Do?
If you sponsor a 401(k) plan, because it is mandated by law, someone in your organization is personally responsible for maintaining the security of employee contributions made to the plan and those individuals are also personally liable for breaches of that security. Cybersecurity breaches are now commonly directed at 401(k) plans and consistent with recent trends such breaches are occurring at an increasing pace. Cyber breaches are not limited to taking personal data like social security numbers. They regularly result in the theft of participant account balances. Are you or your CEO or CFO personally liable for the value taken?
This seminar explains why liability is certain for breaches and what steps must be taken to avoid or at least minimize the liability exposure. A critical part of a comprehensive plan concerning plan asset security must include a review of insurance opportunities designed to protect those who are at risk. This important topic will also be covered and will go beyond cyber theft policies.
Hosted by Taylor English Duma LLP and Sterling Seacrest Partners, this seminar will provide context and a framework for every 401(k) plan sponsor to orient them in their effort to implement or improve plan asset security and minimize the risk of loss for those individuals that personally shoulder the responsibility.
Please join Travis DeHaven, a partner at Taylor English who has thought about and worked on these and related issues for 30 years, and John Miller, CEO of Sterling Seacrest Partners the largest privately held independent insurance brokerage in Georgia, as we present 401(k) Plans and the Cyber Security Threat – What should a Plan Fiduciary Worry About and Do?
Travis DeHaven | Panelist | Taylor English Duma LLP
For nearly 30 years, Mr. DeHaven’s practice has focused on Employee Benefits and Executive Compensation (EBEC) representing Fortune 500 and sophisticated private companies. Mr. DeHaven is dedicated to providing practical advice to help his clients succeed. This includes spending important time with boards of directors, senior management and employee plan fiduciaries providing strategic advice to accomplish desired goals and outcomes.
John Miller | Panelist | Sterling Seacrest Partners
Mr. John W Miller II is the Chief Executive Officer of Sterling Seacrest Partners. He has over 20 years of experience in providing risk management and commercial/professional insurance solutions to clients throughout the United States. He knows clients’ business as well as insurance and is a trusted strategic advisor to professional, commercial, and personal clients.