The need for enhanced cybersecurity practices is growing alongside advancing technologies. At Broadridge’s Fi360 conference, Endeavor Law Partner Bonnie Treichel, alongside Bonnie Page and Sarah Chase-McRorie, discussed expanding cybersecurity protocols and adhering to the Department of Labor (DOL) and the Securities and Exchange Commission (SEC) guidance. The session highlighted that no plan size is immune to litigation related to cybersecurity breaches. Panelists emphasized the importance of continuous compliance with cybersecurity regulations and avoiding potential lawsuits. Advisors were advised to stay informed about both DOL and SEC regulations, understanding their similarities and differences. While seeking external expertise in cybersecurity can add an extra layer of protection, it’s important to remember advisors remain legally responsible for their actions. Read the full article below: