EBP2108. Fiduciary Governance in a Cyber Environment

This session will help auditors and plan sponsors understand the current legislative and regulatory environment dealing with cyber risk. The speakers will discuss appropriate prudence for fiduciaries and provide direct language to look for in contracts with providers. Highlights are as follows:

1. Key insurance terminology and exclusion language to look for when observing or buying cyber insurance – both in general and for employee benefit plans.
2. What auditors need to know about the current cyber risk environment for the plan and plan participants and how to best document the actions taken to prevent loss in current risk categories – learn how to self-assess your risk.
3. The latest cyber cases that can impact plan sponsors and best practices to adopt to protect fiduciary risk.

Learning Objectives:

• Identify key insurance terminology and exclusion language to look for when observing or buying cyber insurance – both in general and for employee benefit plans.
• Recognize how to self-assess your risk- what auditors need to know about the current cyber risk environment for the plan and plan participants and how to best document the actions taken to prevent loss in current risk categories.
• Identify the latest cyber cases that can impact plan sponsors and best practices to adopt to protect fiduciary risk.