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Blog — Apr 16, 2015

The jury is in: LegalTech New York highlights industry cybersecurity risks

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Last week eSentire participated in LegalTech New York, the legal industry’s largest technology event of the year. This annual conference provides firms and legal departments with practical tips that they can adopt to improve the way that their practice is managed. This year’s event offered an assortment of trend discussions, with the overarching theme focused squarely on cybersecurity and data protection.

The legal industry continues to face mounting pressures from government and industry regulators as they work to address cybersecurity defense gaps. And while it’s evident that there’s been a shift in thinking when it comes to cybersecurity defense planning, the industry remains largely unregulated.

Law firms have become a popular target with cybercriminals looking for easy access to rich data. With one strike, cybercriminals can interrupt mergers and acquisitions, manipulate business transactions or acquire business and client data. Contrary to what many might believe, small and medium-sized firms are just as vulnerable to attacks as larger firms. All client data is a target.

eSentire presented an emerging technology talk track at LegalTech New York to highlight industry recommendations and help firms understand how those new standards can be applied.

Attorney and author Jill D. Rhodes recently published The ABA Cybersecurity Handbook: A Resource for Attorneys, Law Firms and Business Professionals, a resource that is informally regarded as the industry's cybersecurity roadmap. The book helps to define cyber and data security risk and best practices, describes data security and lawyers’ legal and ethical obligations to the client.

Perhaps of greatest interest are the top ten measures that all firms should consider to defend their firm against cyber attacks. Recommended measures suggest that firms:

Ms. Rhode’s suggestions reinforce the advice that eSentire regularly shares with clients as they work to beef up their cybersecurity defenses. At eSentire, we recognize that breaches are inevitable. The key in managing risk is to shift thinking from simply blocking and prevention to Detection and Response. Knowing where to start can be a challenge, so we’ve developed a best practices framework specifically for law firms to help build out (or expand) cybersecurity initiatives.

While last week’s conference emphasizes the real and present danger that cyber threats pose to the industry, attendees also made it clear that the industry is committed to strengthening its cybersecurity stance.

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eSentire is the Authority in Managed Detection and Response, protecting the critical data and applications of 1500+ organizations in 80+ countries from known and unknown cyber threats. Founded in 2001, the company’s mission is to hunt, investigate and stop cyber threats before they become business disrupting events. Combining cutting-edge machine learning XDR technology, 24/7 Threat Hunting, and proven security operations leadership, eSentire mitigates business risk, and enables security at scale. The Team eSentire difference means enterprises are protected by the best in the business with a named Cyber Risk Advisor, 24/7 access to SOC Cyber Analysts & Elite Threat Hunters, and industry-leading threat intelligence research from eSentire’s Threat Response Unit (TRU). eSentire provides Managed Risk, Managed Detection and Response and Incident Response services. For more information, visit www.esentire.com and follow @eSentire.