Paige M. Boshell
Smart contracts are self-executing agreements written in code on the blockchain. Parties contract digitally using distributed ledger technology. This article offers a layperson’s, non-technical summary of the underlying technology and consideration of certain legal implications for smart-contracting and contract management.
With the Appleby data breach still top of mind of many law firm and legal department professionals, cybersecurity has become a major area of concern. To learn more about how law firms can protect themselves against cyber attacks and data breaches, we sat down with Laurie Fischer, managing director at HBR Consulting.
As 2017 came to a close, the American Bar Association opened the next chapter in cybersecurity awareness with the release of the second edition of its…
Shain Khoshbin and Aaron Dilbeck
The Computer Fraud and Abuse Act (CFAA) is a federal statute that provides for not only criminal liability, but also civil liability, when a person accesses…
As law firms and legal departments finalize their 2018 budgets, many lawyers in both the United States and Canada plan to increase cybersecurity spending.
There was a time not so long ago when the term “e-discovery” didn’t exist. It was known simply by its legal name, discovery. We’re now entering an era where some observers feel the term will fade into history, returning us back to simply calling it discovery.
Uber has incurred significant legal and reputational exposure as a result of the way that the company handled the breach. In the coming months, there will be a great deal of information and regulatory and judicial action that will act as guidance, or more precisely, a checklist of what-not-to-do, for companies that suffer a data breach.
A new legal structure that bestows and monitors trust must be employed. Is decentralization of traditional, gigantic central bank repositories of data the answer? Is blockchain technology the new path that the legal industry should take to sustain in the digital age? Let us consider the most significant implications of decentralized technologies to the legal industry.
Craig Nazzaro, Brad Rustin and John Jennings
Part Two of a Two-Part Article
The proliferation of cryptocurrency and blockchain is being driven by the efficiencies and protections afforded to early adopters. The operational efficiencies and resulting cost savings are readily apparent in the financial services industry and are equally coveted by the entities trying to implement them and by the customers who will benefit from the implementation. However, neither party can fully enjoy these benefits without first understanding and overcoming the various regulatory hurdles.
Cybersecurity is a hydra of complexity. Keeping a grasp on it requires constant re-education. What no one tells you: managing your company’s cyber vulnerability demands a willingness for personal vulnerability. Being honest about our cyber risks is painful. And scary.
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