Protecting Employee Benefit Plans With Cyber Insurance

As technology advances, the field of cybersecurity continues to develop and improve. Despite this, cyberattacks are becoming far more frequent and costly. Laura Fischer, partner at Spencer Fane LLP, provides a description on preemptive actions that can be taken to combat cyberattacks. Fischer points out that “cyberattacks have managed to invade all walks of life, and employee benefit plans are no exception.” Employee benefit plans are at great risk due to the extensive personal information that they contain such as personal health information, social security numbers, dates of birth, compensation metrics, and level of benefits. However, cyber insurance plans add a much needed layer of protection that can help prevent breaches and make them less detrimental when they occur. Click here to read more about how you can help protect your employee benefit plans with cyber insurance.

Source: Law360