Thursday, March 27, 2014

NY Times on Client Focus on Law Firm Information Security

A reader sent word of this story in today's New York Times: "Law Firms Are Pressed on Security for Data" --
  • "A growing number of big corporate clients are demanding that their law firms take more steps to guard against online intrusions that could compromise sensitive information as global concerns about hacker threats mount."
  • "Wall Street banks are pressing outside law firms to demonstrate that their computer systems are employing top-tier technologies... Some financial institutions are asking law firms to fill out lengthy 60-page questionnaires detailing their cybersecurity measures, while others are doing on-site inspections."
  • "In some cases, banks and companies are threatening to withhold legal work from law firms that balk at the increased scrutiny or requesting that firms add insurance coverage for data breaches to their malpractice policies."
  • "he vulnerability of American law firms to online attacks is a particular concern to law enforcement agencies because the firms are a rich repository of corporate secrets, business strategies and intellectual property. One concern is the potential for hackers to access information about potential corporate deals before they get announced. Law enforcement has long worried that law firms are not doing enough to guard against intrusions by hackers.
  • "Despite those meetings, F.B.I. officials and security experts say, law firms remain a weak link when it comes to online security. But the push from corporate clients may have more impact on changing law firm attitudes than anything else."

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