Law Firms Come Under Hacker Attack
March 31, 2016
You can add the legal profession to government, insurance/healthcare and retail as the most recent industry to grapple with data breaches. The Wall Street Journal reported Tuesday that Cravath Swaine & Moore LLP and Weil Gotshal & Manges LLP, two of the biggest and most influential U.S. law firms have experienced data breaches. On the heels of last week’s much larger intrusion at Verizon Enterprise Solutions, the targeting of law firms defending lots of high profile clients adheres to the trend of hackers valuing (and hence, actually stealing) payment card information less and personally identifiable information more .
According to the Journal report, the breaches at those top law firms and others are being investigated by the FBI and some officials fear stolen information from the cyber thefts could be used to commit insider trading. Many of the targeted firms represent Wall Street banks and major corporations.
Retailers, while they are being joined by other types of companies that are vulnerable to cyber attack, still find themselves targets. Card-not-present companies have even more to worry about since the information that is stolen can be turned around and used on their sites to commit fraud. Learn about what CNP merchants can do to protect themselves against the double-edged nature of network security in several sessions at this May’s CNP Expo. Take a look at our entire agenda and register for the CNP Expo today.