Skip to main content

Lapse in Appropriations

Please note that a lapse in appropriations has caused GAO to shut down its operations. Therefore, GAO will not be able to publish reports or otherwise update this website until GAO resumes operations. In addition, the vast majority of GAO personnel are not permitted to work. Consequently, calls or emails to agency personnel may not be returned until GAO resumes operations. For details on how the bid protest process will be handled during the shutdown, please see the legal decisions page. For information related to the GAO Personnel Appeals Board (PAB), please see the PAB webpage.

The Cybersecurity Risks Facing Retirement Savings Plans

Monday, March 15, 2021
The Cybersecurity Risks Facing Retirement Savings Plans

The Cybersecurity Risks Facing Retirement Savings Plans

More than 100 million workers participate in employer-sponsored retirement savings plans--such as 401Ks. Together, their contributions represent nearly $6.3 trillion in assets. However, these assets and individuals' data, which are used for record keeping, make for attractive targets for cyberattacks. And, if attacked, loses could have significant impacts on the privacy and financial security of aging Americans. We talk with two directors who have a new report out on the risks to retirement savings data and the federal government's role in protecting it.
Transcript
Download

Subscribe or Share:

Learn more
Defined Contribution Plans: Federal Guidance Could Help Mitigate Cybersecurity Risks in 401(k) and Other Retirement Plans