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With the advent of stringent privacy regulations in Europe and the United States, corporations are spending more time and money scrambling to ensure their privacy and compliance processes are able to withstand these high levels of scrutiny. At the same time, competition to provide these services is heating up as the Big Four professional services firms plant their stakes more broadly in this fertile ground.
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Exterro's Annual Study of Legal Spend Management indicates that organizations are expecting to spend less on compliance with privacy laws in 2020 as they wait to see how new regulations like the CCPA are enforced first.
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When cyber attacks succeed, in-house counsel and risk management professionals will look for coverage under their cyber insurance policies. Insurance coverage for such incidents, however, are also present in other policies, and these other policies should not be cast aside.
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COVID-19 spurred an overnight surge in demand for work-from-home vendors — from videoconferencing companies to cloud service providers. This caused some companies to rush into service contracts without fully appreciating the privacy and cybersecurity risks involved.
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How Advanced E-discovery Tools Can Help Simplify Information Gathering, Unify Disparate Information Systems, Standardize Workflows Across Departments, and Reduce Both Costs and Risk The stakes in internal investigations can turn out to be very high. Companies can often respond effectively if they proactively plan for investigations and leverage technology that can comb through large amounts of data quickly at low cost.
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For the legal profession in general, and e-discovery specifically, one of the biggest ways a recession is felt is through litigation budget pressure. To weather a recession, we need to be prepared to do more with fewer resources.
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The Judge Pointed Out that Some FTC Commissioners Wanted to Specifically Sanction Facebook Founder Mark Zuckerberg for the Company Sharing Private User Data With Outside Parties A federal judge in Washington, DC, signed off on a record $5 billion fine imposed by the U.S. Federal Trade Commission on Facebook for allegedly violating federal law and a previous order with its privacy practices.
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Companies determined to protect their employees and minimize the impact of COVID-19 are enforcing travel restrictions and strong work-from-home policies. However those actions can be used against employees as any firms are likely unprepared for the criminal appetite for the cyberattack exploitation of a remote workforce. Here are some of the key issues of which law firms and companies need to be aware and steps that should be considered to minimize the risk to keep everyone — and client data — safe.
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The COVID-19 pandemic has changed the conversation around remote work. As more employees work remotely, law firms must employ security best practices to ensure that the extended reliance on the cloud doesn't expose sensitive data or cripple daily operations. Following is a practical checklist of systems, technologies and processes to consider when evolving your firm for remote work and selecting your cloud technology provider.
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Over 30 trade associations and companies co-signed a letter last month to California Attorney General Xavier Becerra asking him to push back the enforcement date for the California Consumer Privacy Act due to the new coronavirus and a lack of clarity on the enforcement rules.