California Public Employees Retirement System (CalPERS), Charles Schwab, and Fidelity Investments are just a few of the 600 organizations worldwide whose pension funds and benefits plan providers had their participants' data security breached by a ransomware group in recent months. And we're only talking about a single breach, that of Progress Software's MOVEit file management and encryption transfer software. What followed the almost 4 million participants' data affected have been class action lawsuits alleging failures to protect the data privacy of its plan participants, including against Johns Hopkins University & Health System, TIAA, TD Ameritrade, and CalPERS.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.