Former U.S. Secretary of Homeland Security Jeh Johnson speaks at the Sooner Than You Think conference on the immediate measures the government and businesses must take to thwart sophisticated cyber attacks and protect our democratic process. Check out Bloomberg Law’s Privacy and Data Security practice center. Subscribe to the Big Law Business podcast on iTunes. Want…
Corporate Cyber Risk Disclosures Jump Dramatically in 2017
By Shira Stein, Bloomberg BNA More public companies described “cybersecurity” as a risk in their financial disclosures in the first half of 2017 than in all of 2016, suggesting that board and C-suite fears over data breaches may be escalating. A Bloomberg BNA analysis found 436 companies cited “cybersecurity” as a risk factor in their…
Jim Koenig on Law Firm Hacks and How to Prevent Them
Jim Koenig thinks that law firms need to adopt comprehensive information security programs and train their employees to become better versed in handling the fallout of a cyber attack. Perhaps there’s no clearer reminder of this than last month’s global malware attack, which, along with a number of global companies, hit DLA Piper and forced the…
DLA Piper Victim of Massive Malware Attack
The global law firm DLA Piper fell victim on Tuesday to a widespread cyber attack, which reportedly disabled networks at dozens of companies. By midday, the firm posted a statement on its website, which remained functional, confirming it suffered a malware attack. “The firm, like many other reported companies, has experienced issues with some of its systems…
FBI Agent Shares Cybersecurity Tips For Big Law
Corporate clients are now checking to ensure their law firms are taking steps to secure valuable information. In April, the Association of Corporate Counsel issued its first-ever guidance on what data security measures in-house counsel should expect from their firms, Bloomberg BNA reported. Aristedes Mahairas, special agent-in-charge in the cyber division of the New York…
GC Requires Outside Law Firms to Encrypt Communications
Law firms seeking to protect client and firm communications from outside hackers should consider one simple form of security. Peter Beshar, general counsel of Marsh & McLennan Companies, says he has required many of his outside law firms to use what’s known as Transport Layer Security. Transport Layer Security, or TLS, is a form of encryption that…
Dorsey & Whitney Partner on Cybersecurity and Data Breaches (Video)
By Jimmy H. Koo, Bloomberg BNA Having “perfect” cybersecurity is almost an impossible task, but having a culture of awareness of the risks is half the battle for companies doing business in the modern world, Bob Cattanach of Dorsey & Whitney LLP told Bloomberg BNA in a video interview. Companies often struggle with attuning their culture to be sensitive…
Chinese Hackers Must Pay $8.9 Million for Law Firm Data Theft
By Bob Van Voris, Bloomberg News Three Chinese hackers who traded on data they stole from two top New York law firms were ordered by a judge to pay $8.9 million. U.S. District Judge Valerie Caproni in Manhattan on May 5 fined the men and ordered them to forfeit their profits, plus interest. The hackers,…
Russian Lawmaker’s Hacker Son Gets 27-Year U.S. Prison Term
By Elizabeth Amon, Bloomberg News The son of a Russian lawmaker depicted by U.S. prosecutors as a master cyber-thief who made the purchase of stolen credit cards “as easy as buying a book on Amazon” was sentenced to 27 years in prison. Roman Seleznev was found guilty in August of filching consumer credit card numbers…
Outer-Space Hacking a Top Concern for NASA’s Cybersecurity Chief
By Nafeesa Syeed, Bloomberg News NASA scientists glean valuable data about powerful space explosions and the energy of black holes from their Swift and Fermi satellites. The projects were supposed to last a few years. Instead, they’ve survived for more than a decade. That’s great for researchers but a challenge for Jeanette Hanna-Ruiz because of…
