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The Changing Face of Incident Response
The drumbeat of cyberattacks is beating in an ever-faster cadence and the legal community is no exception. According to the American Bar Association, in 2020 alone, 29% of surveyed law firms said they experienced some type of cyber attack, an increase from 2019.
In its Cost of a Data Breach Report 2020, IBM reported that the average data breach cost its victim a total of $3.86 million and took 280 days to fully identify and remediate. That was the bad news. The good news, however, was that organizations that are able to act quickly to contain and stop a breach are spared a considerable portion of these expenses. Particularly, those with both incident response (IR) teams and fully tested IR plans in place saved an average of $2 million in breach costs while simultaneously limiting their legal liability and minimizing reputational damage.
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New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.