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Clients of Law Firms are Demanding Data Protection

Cyber-attacks are a threat to all businesses today and law firms are particularly attractive sources of information.

According to the FBI, the biggest threat is corporate espionage targeting firms that represent companies on securities, intellectual property, and M&A activity. Law firms are explicitly targeted because hackers realize law firm computers often house the most high-value client data — and those individual computers are simply easier to access and control.

More and more clients (both corporate and individuals) are demanding law firms show proof of their ongoing security and monitoring to protect their sensitive data. Now more than ever, law firms must have a strategy and program in place to:

Understand where sensitive client data lives, how it’s being used and where the data is going

Control sensitive data, both structured and unstructured data - across all devices and in the cloud

Be in a better position to respond to client audit requests

Assure clients that you have the policies and technology controls in place to ensure sensitive data does not get exposed

Following the 'Panama Papers' with an unprecedented leak of 11.5m files from the database of the world’s fourth biggest offshore law firm, Mossack Fonseca, law firms have started to take a serious look at their information security practices. 2016 has seen a wave of recent highly publicised cyber attacks at large law firms. The examples of Mossack Fonseca, Cravath, and Weil Gotschal have made apparent the widespread shortcomings in security safeguards in the legal industry, and there has been a dramatic rise in attacks on law firms following the Panama Papers.

If you're not 100% certain your data security practices can stand up to this threat, contact Infosec Partners today.

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