Principal Financial Group 2023 Sustainability Report: Cybersecurity & Data Privacy

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Submitted by Principal Financial Group, Inc.

Originally published in Principal Financial Group 2023 Sustainability Report

Cybersecurity and data privacy 

Protecting the confidentiality of the personal data entrusted to us by our customers, employees, and business partners is of utmost importance to us. That’s why we take proactive approaches to keep our systems secure, continually assess for emerging risks, and ensure employees are sufficiently trained on handling sensitive information.

Our approach 

Cybersecurity 

We understand the nature of cyber threats and the importance of being able to defend against and respond to them. As a result, cybersecurity is overseen by the full Board of Directors. Directors and the Executive Management Group receive at least one cybersecurity report every quarter from the Chief Information Officer, the Chief Information Security Officer, Chief Risk Officer or other professionals. These reports ensure management maintains an enterprise-wide cyber risk program with the necessary policies, practices, and controls to effectively manage risks and ensure resiliency in the face of potential cyber threats.

We proactively assess risk…

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