The legal industry is arriving at an understanding when it comes to the frequency and overall gravity of data breaches. Standing out among the array of statistics: 80 percent of the 100 largest law firms in the United States have been successfully hacked since 2011, and for the first time, security management is viewed as the biggest challenge facing legal IT departments.
This understanding has led to a greater focus and increased spending on cybersecurity. Firms will typically spend more than $6.9 million annually on information security, or 1.92 percent of their gross annual revenues. However, history has shown that the answer isn’t quite as simple as the amount of money you throw at the problem.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
