The Regulation was designed to promote the protection of customer information as well as the underlying information technology systems of regulated entities in light of the ever-increasing threat of cyber attacks.
With so many warnings to lawyers about transmitting unsecured email and attachments, it can be difficult to understand the solutions available and how they differ. Some may improve security but make communications cumbersome. If too cumbersome, users seek a way to work around them or choose less powerful tools.
An Exploration of the Modern Cyberespionage Threat and How In-House Legal Departments Are Fighting Back
Though faced with limited legal remedies, counsel are coming up with creative new ways to go after cyberespionage actors, and partnering with an array of cyber professionals and government agencies to combat the threat.
Legal departments for business organizations rate cybersecurity, regulation and ethics compliance among their chief concerns, and they are well aware of surveys showing law firms to be the "soft underbelly" of business security due to weakness of their cybersecurity.
The more we understand about how data breach incidents originate and propagate, the more likely we are to shift focus from outsider hackers to insider (employee) threats. Insider threats can be malicious, but often they are accidental.
A Consilio Survey Found 75% of Legal Tech Professionals Are Unfamiliar with the Law, But Multinational Companies Can Still Prepare Before the June Implementation
In December 2016, China passed a comprehensive Cybersecurity Law, expanding the country's data localization requirement once it goes into effect this June and sparking heated debate among Chinese lawmakers. Some experts say even more legislation could be on the way.
Ubiquitous news of law firm data breaches, even among BigLaw, spotlights a treasure trove of trade secrets, confidential and strategic transactions, and sensitive client information. No wonder law firms are perceived to be attractive targets of cyber-attacks. Attractive? You can't help that. Easy? Not so fast.
Yahoo Inc. announced on March 1 that general counsel Ron Bell is leaving the tech giant after an investigation of the company revealed that its legal team failed to sufficiently inquire into a massive 2014 cybersecurity breach.
High-profile breaches have encouraged many businesses to proactively assess their cyber liabilities, and implement prevention and response plans. Fortunately, there are more technology options available to protect businesses than ever before, and both the U.S. government and private industry have made great strides in understanding and combating some of the most common cyber threats.
There are more technology options available to protect businesses than ever before, and both the U.S. government and private industry have made great strides in understanding and combating some of the most common cyber threats.
