David Siegel In Bloomberg BNA Big Law Business: Threats of Litigation After Data Breaches at Major Law Firms

03/31/2016

Reports on Wednesday that both Weil Gotshal & Manges and Cravath, Swaine & Moore as well as other firms have suffered data breaches in recent months, put new attention on the potential consequences for law firms with lax security ...

One lawyer at a major firm, who requested anonymity, said the reports about law firms being more vulnerable than other companies are unfair. “Frankly, clients get hacked all the time,” he said, adding that his firm has completely revamped its practices in recent years. Passwords are changed on a regular basis and the banks audit their practice, the lawyer said.

David Siegal, a Haynes and Boone partner and former federal prosecutor who worked on cyber crimes, said law firms understand that they need to maintain their client’s confidence to stay viable as a business, which provides strong incentives to protect data.

“Law firms take the threat of cyber attack and intrusion very seriously, and they have to these days — it’s an enterprise risk not to,” said Siegal.

Excerpted from
Bloomberg BNA Big Law Business. To read the full article, please click here.

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