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Retirement plan providers that collect comprehensive employee data in an effort to promote financial wellness now face a new challenge: that of better safeguarding that data.
A new report from Cerulli, "U.S. Retirement Markets 2019: Looking Toward Holistic Solutions for Participants and Plan Sponsors," finds that cybersecurity needs to be stepped up in the face of new methods of customizing financial wellness efforts.
As tech becomes more advanced and allows greater opportunities for customization of financial wellness programs that cover everything from budgeting and debt management to investing, college planning, Social Security optimization and retirement income, the potential for trouble has also increased.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
