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2021 Social Security wage base announced By Sally P. Schreiber, J.D. October 14, 2020 The Social Security Administration (SSA) announced that the maximum amount of wages subject to the old age, survivors, and disability insurance (OASDI) tax will increase to $142,800 in 2021 from $137,700 in 2020. The OASDI tax rate is 6.2%, so an … Read more
INSURANCE AND CYBERSECURITY: THE BAD GUYS ARE HERE Our previous blog explored cybersecurity threats facing banks and capital markets firms—and now I’d like to look at insurers. In our previous insurance industry report about cyber risk we noted a bit of overconfidence in executives’ responses to our survey. For example, about 80 percent of insurers … Read more