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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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Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
Judge Rules Shaquille O'Neal Will Face Securities Lawsuit for Promotion, Sale of NFTs
A federal district court in Miami, FL, has ruled that former National Basketball Association star Shaquille O'Neal will have to face a lawsuit over his promotion of unregistered securities in the form of cryptocurrency tokens and that he was a "seller" of these unregistered securities.
Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
A Lawyer's System for Active Reading
Active reading comprises many daily tasks lawyers engage in, including highlighting, annotating, note taking, comparing and searching texts. It demands more than flipping or turning pages.
Blockchain Domains: New Developments for Brand Owners
Blockchain domain names offer decentralized alternatives to traditional DNS-based domain names, promising enhanced security, privacy and censorship resistance. However, these benefits come with significant challenges, particularly for brand owners seeking to protect their trademarks in these new digital spaces.