Navigating Data Breaches and Regulatory Compliance for Employee Benefit Plans

Employee benefit plans, including health and pension plans, are prime targets of hackers, as evident from the most recent Anthem and Premera crises, and the proper proactive and reactive steps are key to mitigating breach risk and breach fallout.  In a recent Strafford webinar, Ogletree Deakins attorneys Vance E. Drawdy, Timothy G. Verrall and Stephen A. Riga shared their insights on best practices for fiduciaries and sponsors to navigate the complex state and federal regulations on data breaches that are applicable to ERISA benefit plans.  This article details some of their advice on preventing, assessing and responding to a plan data breach.  See also “Steps to Take Following a Healthcare Data Breach,” Cybersecurity Law Report, Vol. 1, No. 2 (Apr. 22, 2015).

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