When Do Law Firms Have to Disclose a Data Breach?
Cyber attacks against some of the country’s top law firms are reigniting concerns about the legal industry’s handling of data breaches.
The Wall Street Journal reported that hackers recently broke into the data systems of several prestigious white-shoe law firms, including Cravath Swaine & Moore LLP and Weil Gotshal & Manges LLP, and federal investigators are probing whether the hackers intended to steal information for insider trading.
Cybersecurity experts have long warned that law firms are attractive targets for cyber fraudsters. Law firms with high-profile corporate clients possess troves of trade secrets and undisclosed deal information on their computer networks that could be exploited.
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