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In response to the Department of Labor’s April 2021 guidance on cybersecurity and data privacy, Colonial Surety Co. is revising its fiduciary liability product offering for 401k plan sponsors, adding a new two-part package that includes cyber liability coverage, reports 401K Specialist. The new fiduciary-and-cyber liability package is available to any company that sponsors a retirement plan and already has an ERISA fidelity bond in place.
1. Hackers leak stolen data from Change Healthcare on dark web
2. UnitedHealth estimates $1.6 billion loss from Change cyberattack
3. UnitedHealth reports significant data breach; personal health info compromised
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Illinois House passes governor’s 'Healthcare Protection Act’
6. Analyst says Cigna, Humana share prices could put merger back on the table