Lawyers

ABA Survey Exposes Law Firm Ignorance Over Information Security
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

aba survey

Summary: The ABA’s recent law firm survey exposes widespread ignorance over information security.

The ABA’s 2015 Legal Technology Survey contains 700 pages of data points regarding technology and security, and lays out one of the biggest vulnerabilities firms face: information security breaches. The survey also demonstrates most lawyers don’t consider data security to be a major threat.

  
What
Where


Earlier this year Citibank warned that “it is reasonable to expect law firms to be targets of attacks by foreign governments and hackers because they are repositories for confidential data on corporate deals and business strategies.”

Specifically, firms with 100 lawyers or more serve as prime targets for data breach.

Nevertheless, of those 880 lawyers surveyed, only 11.4 percent said their firms have cyber liability insurance. Eighty percent didn’t even know if their firm had the coverage. Furthermore, 52 percent of firms with over 100 attorneys were ignorant as to whether a client had ever asked to verify security practices or conduct a security audit.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




According to attorney Vincent Polley, “There are two types of law firms: those that know they’ve been hacked and those that do not.” Attorneys have inside information on mergers, patents, and other important business deals. Data breaches can be damaging and costly, and may even destroy attorney-client privilege.

“There is no question that law firms are among the companies being targeted by cyber criminals,” says Shane Sims, a director in PwC’s Forensic Services Group. Mary Galligan, the former Special Agent in Charge of Cyber and Special Operations at the FBI’s New York City office adds, “As financial institutions in New York City and the world become stronger, a hacker can hit a law firm and it’s a much, much easier quarry.”



According to Zerofox, there are four main types of hackers who target law firms: (1) state-sponsored organizations who attack firms because they are seeking advanced technological knowledge for their government or they want to derail certain mergers and acquisitions to support their “national best interest,” (2) organized crime syndicates such as “The Mob” who hack people and use the information for extortion, (3) activists like Anonymous and LuzSec who take over accounts to advance a political agenda, and independent hackers who invade networks for fun, revenge, notoriety, or profit.

Hacking and other information breaches are on the rise at law firms. The new ABA survey illustrates many attorneys are ignorant of the risks or simply don’t care. However, a growing number of corporate clients are demanding their firms take steps to protect their sensitive data and guard against online intrusions. According to The New York Times, some financial institutions are asking law firms to fill out lengthy questionnaires detailing their cyber-security measures. Others are even conducting on-site inspections.

 

Sources: Mondaq, Zerofox, The New York Times, PwC’s “Safeguarding your firm from cyber attacks”

 

 



 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Mid-level Litigation Associate Attorney

USA-MD-Baltimore

Baltimore office of our client seeks mid-level litigation associate attorney with 3+ years of experi...

Apply Now

Litigation Associate Attorney

USA-SC-Columbia

Columbia office is seeking a commercial litigation attorney with 2-4 years of experience.

Apply Now

Junior Employment Litigation Attorney

USA-CA-San Francisco

San Francisco office is seeking an attorney with 2-3 years of employment litigation, class action or...

Apply Now

Research and Writing Associate Attorney

USA-TX-Dallas

Dallas office of our client seeks research and writing associate attorney with 5+ years of experienc...

Apply Now

RELEVANT JOBS

Associate Attorney

USA-CA-Sacramento

A civil plaintiff’s law firm is hiring for an associate attorney, preferably with strong resea...

Apply now

Associate Attorney

USA-TX-Sugar Land

Insurance Defense firm seeks an Associate Attorney with a MINIMUM of 3-5 years\' experience in litig...

Apply now

Associate Attorney

USA-TX-San Antonio

One of Texas\'s largest Personal Injury Law firm seeks a highly motivated associate attorney with 3-...

Apply now

Associate Attorney

USA-TX-Dallas

One of Texas\'s largest Personal Injury Law firm seeks a highly motivated associate attorney with 3-...

Apply now

SEARCH IN ARCHIVE

To Top