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Cybersecurity General Counsel and In House Counsel Regulations Technology Media and Telecom

Law Firms, Meet Your New Regulator: Your Clients

While major banks, retailers, hospitals and insurance companies were the brick and mortar of a growing media monument to hubris and cyber overconfidence, law firm breaches went mostly unnoticed. That is, until government agencies and law enforcement grew concerned that the wealth of intellectual property curated by law firms could be used to manipulate financial markets by front running trades.

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A couple of years ago, when the IT focus of a law firm was on document management and perhaps mulling the billable virtues of e-discovery, cybersecurity was well over the horizon. The cyber world was still considered flat, and the other side of the world was undiscovered. There was no idea of the risk that lurked in the embers of political instability, juvenile capitalism and a moral compass that all too often pointed to human suffering.

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