Source: Bloomberg
Law firms that rake in dollars defending companies against cyberattack lawsuits are increasingly finding themselves targets, with five class actions filed so far this year alleging the legal operations failed to protect client data.
Bryan Cave Leighton Paisner and other firms facing suits represent a sweet spot for corporate cyberattackers because valuable data is stored there—from employee information such as health and financial data, to Social Security numbers, to patent specifications and merger and acquisition plans.
“Whatever drawer you open, you will find something top secret and valuable,” said John Reed Stark, a cybersecurity consultant and former enforcer for the Securities and Exchange Commission. “This area is ripe for litigation.”
News of data breaches at prominent firms has become close to a weekly occurrence, with reports of cyber thieves gaining access to different types of data including…
Read full article: https://news.bloomberglaw.com/business-and-practice/law-firm-cyberattacks-grow-putting-operations-in-legal-peril
