Cybersecurity Program Best Practices

This document is about providing best practices for ERISA-covered plan fiduciaries and service providers to implement a robust cybersecurity program. It covers key elements such as having a formal and well-documented cybersecurity program, conducting annual risk assessments, having reliable third-party audits, defining and assigning security roles, implementing strong access controls, securing cloud-based assets, conducting regular cybersecurity training, following a secure system development life cycle, establishing effective business resiliency, encrypting sensitive data, and having appropriate technical controls and incident response procedures.