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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.

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