Tag Archives: Law Firms
Cyber Security Hacking by Chinese Traders A Wake Up Call for Law Firms
According to a recent unsealed federal indictment, three Chinese traders hacked into the computer systems of prominent U.S. law firms and stole non-public information on mergers and acquisitions, netting the hackers more than $4 million in illegal profits. These allegations are just the latest red flags for law firms, which have long been considered vulnerable to cyber attacks.
The traders upon hacking into the systems bought shares of at …
Cyber and E&O Risks Abound with More Law Practices Using LPOs
Law firms are increasingly spending thousands of dollars each year on electronic discovery, which is the process of finding contracts, evidence, and documents and submitting it to the opposing counsel. Part of the reason for this is that companies that provide these types of services – legal process outsourcers (LPOs) – have lower costs and are in a far better position to analyze huge streams of electronic data pivotal …
