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Cybersecurity Services Lawsuit Introduces New Liability Exposure for IT Firms

From LegalTech News: Regardless of the outcome of the case, it’s a wakeup call to service providers to ensure they can effectively deliver the services they promise. If the case moves forward, a casino operator’s recent lawsuit against an IT security firm it hired to investigate a data breach could pave the way for similar lawsuits to be brought by clients dissatisfied with the quality of IT security contractors’ work. Original article here.

Lawyers & cyber risk: beware the tech-shy (and the tech-savvy)

This is interesting from LegalWeek. Most law firms now tell us that cyber security is one of the highest risks on their agenda, says Travelers' Jim Jack. The definition of 'cyber' is not the same for everyone, but what's clear is that businesses large and small are now targeted by a number of protagonists; from organised criminals to determined 'hacktivists' and even state-sponsored agents. Original article here.

Legal Sector Security: Poor File Sharing Habits Put Client Data at Risk

One of our regular contributors - Brainloop has just released an important piece on security protocol around file sharing, which is a must read. Mark Edge, UK Country Manager for Brainloop questions the habits of law firms when handling client data. A recent survey reveals that legal professionals largely ignore best practice when sending or sharing sensitive information. Mark Edge, UK Country Manager at Brainloop, examines the case for law firms making the move to a secure

More Executives Turn to Cyber Risk Transfer

As cyber threats grow in scope and potential impact, the complexity of enterprise digital data protection grows to astonishing proportions. Last year, a Fortune 500 survey revealedthat cyber security is the second biggest concern for CEOs, who keep looking for new solutions to keep their data safe and their clients happy. Original article here.

Year in Review and Look into Crystal Ball: Data Privacy and Cyber Security

With the New Year comes a heavy dose of "year in review" specials. A summary of key events that occurred in the retail real estate industry for 2015 would certainly include numerous stories of how retailers have been impacted by data privacy concerns and breaches. However, landlords and landlord representatives, such as property managers or brokers, have also been impacted by data breach incidents or other cyber security concerns. For example, a security firm discovered that ...

Cockroaches Versus Unicorns: The Golden Age Of Cybersecurity Startups

Unbelievably, according to Gartner, worldwide information security spending reached $76.9 billion in 2015. As the frequency and intensity of hacks worsen, security spending is expected to reach $170 billion by 2020. That’s more than 100 percent growth in five years. Venture capital (VC) investments in cybersecurity startups continues to grow steadily (~40 percent each year over the past 5 years); 2015 may reach an all-time high, with projections of ~ $3.5 billion. Origi

California’s New Data Breach Notification Requirements Effective January 1, 2016

The latest from Lexology: When the California legislature closed out their 2015 session on September 11 of 2015, they sent three bills to Governor Jerry Brown proposing amendments to the state’s data breach laws which were all signed into law on October 6 and took effect January 1, 2016. The new laws address what license plate data automated readers may collect, defined encryption, and critically, made significant changes to the details of the required content and format of d...

Cyberinsurance 2015: Inside a Robust and Rapidly Changing Market

Another take on the burgeoning market for cyber insurance from our friends at LegalTech News. 2015 will be remembered as the year the cyber insurance market began to really take shape. The market remains robust and continues to present for insurers opportunities for unprecedented growth. However, the market conditions for large and small to medium-sized enterprises differs greatly. That is because, in part, insurers are targeting small and mid-size enterprises as highly profi...

Canadian Financial Regulatory Organization Releases Cybersecurity Guides

Cybersecurity and an increase in data breaches isn’t merely a U.S. problem. On Dec. 21, the Investment Industry Regulatory Organization of Canada (IIROC), a self-regulatory organization that helps oversee the country’s trading industry, released two guides to help investment dealers protect themselves and their clients against cyber attack. Original article here.

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