From Bloomberg BNA “Law firms are not immune from these threats. In fact, they are increasingly targeted by nations-states and cybercriminals for a number of reasons. First, cyber actors are well aware that law firms typically have weak security. This industry weakness has incentivized opportunistic attackers to target vulnerable law firms. Second, law firms place a high value on reputation and are therefore, as an industry, highly reticent to acknowledge when they are breached and to share threat data. Third, law firms collect, hold, and disseminate vast amounts of data that are both highly confidential as well as potentially very lucrative (e.g., information on financial clients, merger and acquisition work, initial public offerings, etc.) Fourth, litigation strategies are paramount to a firm’s success, and the data associated with litigation direction and tactics could be invaluable to the opposing party.”
