The Portability Services Network (PSN) is a retirement industry-led utility dedicated to the widespread adoption of auto portability.
Founded, owned, and governed by six recordkeeper owner members, PSN is a values-based company with a culture of accountability, guided by a strong code of conduct and with clear expectations regarding ethical behavior and proper business practices.
PSN is committed to protecting the privacy of all participants who are subject to auto portability processes, through a variety of means, including:
- Legislative controls & participant guardrails embedded in SECURE 2.0
- Risk management policies
- Operating practices
- Cybersecurity framework
- Internal controls
- Privacy policy
PSN’s operating practices align with NIST Foundation’s cybersecurity framework 800-171, the HITRUST Common Security Framework (CSF) and adhere to ISO standards. PSN’s cybersecurity program and associated internal controls are routinely reviewed, including by independent third parties and regulatory bodies.
On an annual basis, PSN’s financial statements and related controls are audited by a leading, Big Four accounting firm. Additionally, PSN maintains a qualified and professionally staffed internal audit function accountable to the PSN Board of Directors.
PSN presently has the following cybersecurity certifications:
