Navigating New Terrain: Law Firms Facing Unprecedented Cyber Risk

For years, various government authorities and security experts warned the legal industry about the proverbial cyber target painted on their chest. And while a cornucopian crop of headlines bloomed about data breaches, most concentrated on major retailers or recognizable brands. Given nebulous reporting legislations, the data breaches at law firms remained below the press horizon. But you can only dodge so many bullets until one hits the industry square in the chest. Recently, the legal industry found itself in the spotlight as story after story about data stolen from law firms surfaced. And the media frenzy culminated when Mossack Fonseca became the poster child for hacked law firms, earning the moniker of the Panama Papers.