VRM Archives - Page 11 of 14

Modevity Announces New Outsourced Cybersecurity Assessment Services for Retirement Plan Sponsors to Maintain Compliance with the DOL Cybersecurity Guidelines

June 14, 2022 by Thomas Canova

Modevity, LLC, a leading Commercial Intelligence company established in 2004 specializing in Investigative Due Diligence Research and Vendor Risk Management (VRM) Services, announced today that the company has launched their new Cybersecurity Assessment Services for Retirement Plan Sponsors. The US Department of Labor Guidance regarding Plan Sponsors’ fiduciary responsibilities, states that Plan Sponsors should assess … Read more

DOL Guidance on Cybersecurity: Outline Overview for Plan Sponsors

June 2, 2022 by Thomas Canova

As noted in the DOL Guidance on Cybersecurity, Plan Sponsors should continuously ask, are my ERISA plan’s assets and participant data protected from cyberattacks?” The Department of Labor’s (DOL) release of cybersecurity best practices for plans covered by the Employee Retirement Income Security Act (ERISA) makes it clear that plan sponsors, service providers, and participants … Read more

NSA Issues Warning on Cyber Weaknesses that allow Hackers Access

May 31, 2022May 31, 2022 by Thomas Canova

On May 17, the Cybersecurity and Infrastructure Security Agency (CISA), the National Security Agency (NSA) and the FBI, along with allied nations, published a Cybersecurity Advisory to raise awareness about the poor security configurations, weak controls and other poor network hygiene practices malicious cyber actors use to gain initial access to a victim’s system. “Weak … Read more

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