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Threat Intelligence

6/22/2017
03:15 PM
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Most General Counsels Fret over Data Security

An overwhelming percentage of in-house attorneys say cyberattacks and the impact on their business keeps them up at night, a recent survey shows.

Fears over hacking, phishing, malware, and ransomware cause great concern among a vast majority of general counsels, according to a survey released today by ALM Intelligence and Morrison & Foerster.

The survey of more than 200 in-house top attorneys at US companies reveals that 87% toss and turn at night over these particular cyber threats. Some 62% are concerned that employee mistakes will lead to data security and privacy loss, while 50% fear potential security breaches by non-law firm vendors.

The survey also found that a majority of attorneys worry about cybersecurity threats (57%); the potential cost or impact to the firm's budget by these attacks (55%); and the potential for a government or regulatory investigation to be launched as a result of a breach (55%).

Hacking, phishing, malware, and ransomware are a bigger deal to attorneys than labor and employment litigation (59%) and than intellectual property infringement (60%), according to the survey.

Read more about the survey here.

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Joe Stanganelli
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Joe Stanganelli,
User Rank: Ninja
6/25/2017 | 1:44:36 PM
Understandable
It's not hard to see why in-house counsel is so concerned with cybersecurity, considering (1) the increasing awareness that CISOs should not report to CIOs (because of the inherent conflict of interest) that has led some organizations to trend to having CISOs work closely with and/or report to General Cousel, and (2) developments like this one -- leading to greater InfoSec-related compliance costs: darkreading.com/partner-perspectives/f5/talking-cyber-risk-with-executives/a/d-id/1329161?
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