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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.