US: Benefits administration cybersecurity & AI risk (DOL focus) [developing]
Key Questions
What cybersecurity and AI risks is the DOL focusing on in benefits administration?
DOL/EBSA highlights cyber/AI risks, disclosures, SOC2 compliance, bad actors in cyber/mental/plan abuse, and loyalty breaches. Remote security do's/don'ts address vulnerabilities. Navia breach exemplifies threats to benefits data.
How do new tools address mental health coverage in benefits?
New tools measure insurer compliance with MH parity laws, revealing gaps years after enactment. BenefitPitch offers AI for leave and MH parity tools. These aid transparency in benefits administration.
What is the Options Act and its impact on employee benefits?
The Options Act codifies IRS rulings for IRC 125A, enabling tax-preferred choices in benefits. It sparks debate on making benefits more helpful via employer contributions. This supports personalization and governance in AI-driven benefits.
DOL/EBSA cyber/AI risks/disclosures/SOC2/bad actors (cyber/mental/plan abuse/loyalty breaches/remote security do's/don'ts/HR AI inquiry automation 300 cases); Navia breach/remote security/BenefitPitch AI leave/MH parity tools; Options Act bill for IRC 125A tax-preferred choices. Origin AI governance/personalization.