Skip to main content
search
Cybersecurity: Do More Than Simply React
News You Need

Cybersecurity: Do More Than Simply React

By October 28, 2021January 18th, 2022No Comments

NTSA raises awareness of the increasing threat to Retirement plans.

Please read this article published by NTSA on October 8, 2021.

“Retirement plans are in cyber criminals’ sights, and it takes positive action to head off the threat, said experts in an Oct. 7 Plan Sponsor Council of America (PSCA) webinar.

“The retirement plan community is a very attractive target” for cyber criminals, warned Tom Briggs, Divisional Sales Manager at Transamerica. Among the threats are:

  • Phishing, in which hackers send suspicious emails to lure the account holders into disclosing sensitive information. Tim Tuller, Director, Incident Response & Cyber Resiliency at Transamerica, characterized such attacks as “common” and “relentless” and remarked that attackers that use this tactic “are now more sophisticated.”
  • Malware attacks, which are attacks by software triggered from compromised websites through which hackers use the program to enter account holders’ systems.
  • Ransomware attacks, in which hackers attack critical servers and exploit them. Ransomware is “the commercialization of crime,” said Tuller.”

Read complete NTSA article

TC123805(1021)1

Teresa Thomas

Teresa Thomas

As a 25-year veteran of the financial services industry, Teresa has worn many hats including corporate communication, product and concept marketing, meeting and convention planning, training and mentoring. It’s true, in her first semester of graduate school, she dropped out of her Secondary Education curriculum – recognizing that teachers have a magnificent gift (that she did not). So, she took her love of teaching in a different direction and thoroughly enjoys the opportunity she has to educate you on not just the importance of retirement savings, but also the many ways in which you can plan now to achieve your retirement success! TC124597(1221)3