DOL Updates and Confirms Cybersecurity Guidance Applies to All ERISA Plans

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In September 2024, the U.S. Department of Labor (the “DOL”) released Compliance Assistance Release No. 2024-01 and its updated cybersecurity guidance for employers that sponsor employee benefit plans governed by the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).  Among other things, the DOL clarified that its cybersecurity guidance applies not only to ERISA retirement benefit plans, but also to ERISA welfare benefit plans (such as group health plans)….
By: Patterson Belknap Webb & Tyler LLP
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