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.