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Addressing Retirement Plan Cyberfraud and Account Theft [2019]
Presentor: David Schultz Recorded Date: 3/25/2019 Duration: 60 Min.

This program was recorded during a live presentation given on March 25, 2019 at 12:00PM EST.

Phishing, ransomware, social engineering, brute force attacks - con artists and hackers are turning their attention to 401(k) accounts and participant websites, call centers, and third party administrators are the targets. Plan Administrators and service providers can be liable for loss of assets and personal data. Learn how scammers are trying to access your customers' accounts and what you can do to protect participants and your firm.

Topics include:
  • Increasing scope of the problem
  • Features that make retirement accounts attractive targets
  • The threat landscape
  • Review of the most common types of fraud
  • Legal and fiduciary duties to protect plan assets and information
  • Liability issues for Plan Administrators and service providers

There are no prerequisites for the program. However, the instructor will assume attendees have at least one year of experience.

Level: Intermediate
Instructional Delivery Method
Group – Internet-Based

NASBA Field of Study: Taxes

Speaker: David Schultz, J.D.

Objectives: After attending this Web seminar, you should be able to:

  • Explain to coworkers and plan sponsors why retirement plan theft is an increasing concern
  • Identify the most common forms of cyber- and account-fraud
  • Apply this information to identify risks to plans and service providers
  • Create policies designed to mitigate the risks to your client and your firm

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