Employee benefit plans are increasingly at the mercy of sophisticated cyber threats. From personal data breaches to financial asset risks, the potential consequences of a cyberattack on EBPs can be devastating. It's imperative for fiduciaries and plan auditors to understand their roles in protecting plan information and evaluating cybersecurity risks and controls.
The AICPA Employee Benefit Plan Audit Quality Center (EBPAQC) compiled a list of frequently asked questions to help auditors understand employee benefit plan cybersecurity risks and how to