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John L. Barlament quoted in article “Asset owners demand info on cybersecurity processes”

Pensions & Investments

Below is an excerpt:

Breaches can also be accidental but still risky, said John Barlament, partner, data privacy, at Quarles & Brady LLP, Milwaukee. Last month, a third-party administrator for DB and DC plans accidentally disclosed Social Security numbers, account balances and other information from participants in one company plan to another plan, which automatically downloaded the information into its database. “The vendor had one site where all clients could access via password,” Mr. Barlament said. “That was totally inadvertent, with no malicious intent. It wasn't a case of a disgruntled employee. But regardless, it was a data breach.” He would not name the parties involved.

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