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Infographic: What cyberattacks are being used against retirement plans?

Government watchdog slams DOL for not providing necessary guidance about cybersecurity and fiduciary duty, lists types of cyber attacks against retirement plans.

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Massive cyberattacks are making the news more frequently, in part because of their potential to wreak devastation on financial systems, health care, and public utilities. Many cyberattacks these days are not the fault of Phil in Accounting accidentally responding to a phishing attack. They’re systemic vulnerabilities in computer code and lack of updated server and network security. Whether the attacks work because of insufficient employee training or outdated servers or bad code, there are many types of attacks.

So what cyberattacks are being used against defined contribution retirement plans? The General Accountability Office, watchdog to the federal government, reveals the types in a recent report. It is by no means a comprehensive list of types of attacks, unfortunately.

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C.J. Marwitz

C.J. Marwitz is a writer and editor.

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