Bank of America Merrill Lynch is auditing the cybersecurity policies at its outside law firms, partly under pressure from government regulators to do so, according to the bank’s assistant general counsel Richard Borden.
Borden, a panelist at Corporate Counsel’s 25th Annual General Counsel Conference on Wednesday, said that Bank of America is "one of the largest targets in the world" for cyber attacks, and that law firms are "considered one of the biggest vectors that the hackers, or others, are going to go at to try to get to our information." Bank of America is the second-largest U.S. bank by assets.
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