While regulation and compliance are still at the top of the CLO priority list, «last year's rash of
cyber incidents took its toll,» according to InsideCounsel and citing The General Counsel Excellence Report 2015.
While regulation and compliance are still the top priorities, «last year's rash of
cyber incidents took its toll,» according to InsideCounsel Senior Editor Rich Steeves in an article titled, Survey says, GC roles expanding beyond just legal.
Not exact matches
As
cyber incidents from both sides of the fence continue to increase, law firms need to
take positive action to contain the onslaught.
Organisations can then
take steps to prepare themselves by assessing the specific risks to, and effects on, the business of a
cyber attack, devising a
cyber risk management strategy and
incident response plan and embedding
cyber risk management within the organisation.
A post in RCRWireless News said that a
cyber security
incident that
takes a top three cloud provider offline for three to six days could cause anywhere between $ 6.9 to $ 14.7 billion in economic losses and between $ 1.5 and $ 2.8 billion in industry insured losses.
Any negligence on information governance practices reflects the inability of a part of the business to
take the right actions to prevent and mitigate a
cyber incident.
In the legal community,
cyber incidents have
taken place at nearly all major U.S. law firms and cybersecurity challenges are increasingly affecting small and midsized law firms as well.