Updated with editor's note below. Think only creditcard data and bank accounts are the targets of cyberattacks? Think again—because employeebenefits data is in the hackers’ crosshairs.

That’s according to a report by the Society for Human ResourceManagement, which says that attacks on benefit plans can result inmore than just loss of data for employers who fail to safeguard theinformation.

The report quotes Neal Schelberg, a partner with law firmProskauer Rose in New York City, saying at the InternationalFoundation of Employee Benefit Plans’ 2017 Washington LegislativeUpdate in Washington, D.C. that employee health and retirementplans “are big targets and particularly susceptible tocyberattacks,” and warning employers to defend their plans againsthacking attempts.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.