On April 14, 2021, the Department of Labor (DOL) announced new guidance on best practices for maintaining cybersecurity. This is the first time the department’s Employee Benefits Security Administration (EBSA) has issued such advice.

The guidance comes in three forms:

Previously issued EBSA regulations include provisions on making sure that electronic recordkeeping systems have reasonable controls, that records management practices in place are adequate, and that electronic disclosure systems include measures calculated to protect personally identifiable information.

Reducing the risk from threats to cybersecurity is essential to protecting plan assets and data.  Please contact your Legacy representative with questions or concerns.