Cybersecurity Regulation of Financial Services Firms
Financial services firms and their management should keep a close eye on developing cybersecurity regulations, so as to be better prepared to proactively address the shifting regulatory landscape as it continues to evolve.
DLA Piper's Hack Attack Could Cost 'Millions'
At press time, DLA Piper was still recovering from its massive cyberattack, with insurance brokers claiming that the resulting upheaval could lead to costs "in the millions" for the firm.
7 Tips to Make a Cyber Attack Comeback
It's important to have a restorative plan in addition to a preventative plan for your IT systems. Here are a few steps a law firm can take to ensure critical case data remains intact and accessible after a cybersecurity breach.
WannaCry Attack Is A Wake-Up Call for Cyber Preparedness
The scope of WannaCry changed our perceptions of ransomware attacks. Until then, the more highly publicized ransomware incidents were localized targets impacting only one or a small number of businesses. WannaCry made it clear that ransomware could reach a broad cross-section of computers worldwide, at essentially the same time.
Third-Party Cybersecurity Strategies Critical to Preparedness
This article examines the guidelines published by Board of Governors of the Federal Reserve System on managing outsourcing risk, along with the Office of the Comptroller of the Currency (OCC) 2013 OCC Bulletin 2013-29 and the supplemental Jan. 24, 2017, examination procedures, which are designed to help bank examiners tailor the examinations of national banks and federal savings associations determine the scope of the third-party risk management examination.
7 Tips to Make a Cyber Attack Comeback
While day-to-day maintenance tasks and insider risk protocols are important for long-term protection from different types of cybersecurity threats, it's important to acknowledge that no solution is 100% effective. No matter how much money a firm is currently investing in cybersecurity, the reality is that it only takes one wrong click for a breach to occur.
The Role of Encryption in Law Firm Data Security
Encryption can play a vital role in securing data, but it needs to be considered within the context of a firm's overall IT security strategy. Whether, when and how to encrypt requires a careful look at what data the firm keeps, and how much protection it needs. This article explains how encryption can be used to guard against the reputational, financial and legal damage a breach of sensitive data can cause to law firms.
