Cybersecurity: You Can't Afford To Ignore It Anymore

In late March, newspapers confirmed that a Russian hacker named "Oleras" targeted 48 law firms (most of which are Am Law 100 firms). Oleras planned to hack these firms to secure confidential and highly valuable insider information regarding mergers and acquisitions that the hacker could then use on the market.

In the wake of the recent attacks on the group of elite law firms, the Department of Justice is investigating whether any confidential information was stolen, and for what purpose. Separately, a plaintiffs' law firm has also announced its intent to bring a class action legal malpractice lawsuit against firms for failing to properly protect client information from hackers. But this is just the beginning.