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CybersecurityCybersecurity Law & StrategyFeaturesGeneral Counsel and In House CounselRegulationTechnology Media and Telecom

Law Firms, Meet Your New Regulator: Your Clients

By Mark Sangster

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.

Yet two years ago, the undiscovered threat had already reached the new shores of Wall Street. This financial Plymouth Rock was a new haven of untapped riches within the financial sector. The post-2008 financial crash era gave rise to the 99%, dogmatic hactivists who settled on Wall Street. They perhaps polished the floor of a proverbial Internet Ellis Island, but much like the virtuous green lady watching from the harbor nearby, they beaconed a welcome of opportunity to a tired and poor who consisted of simple smash-and-grab criminals, sophisticated criminal syndicates, and, eventually, fueled the cause of offshore agents employed by rival governments.

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