Last December, Chinese hackers tried to breach the computer systems at several big law firms including Cravath Swaine & Moore and Weil, Gotshal & Manges looking for data to exploit insider trading deals, according to the The Wall Street Journal.The alleged attackers attempted and succeeded in accessing data over 100,000 times and were never detected. Their network was like a revolving door, the Journal reported.
“This case of cyber … fraud should serve as a wake-up call for law firms around the world. You are and will be targets of cyber hacking because you have information valuable to would-be criminals,” said Preet Bharara, the United States attorney in Manhattan.
But it’s not just mega-firms that are at risk. Small and mid-size law firms may be exposed as well. Firms that handle credit cards and firms that are required to meet HIPAA rules and regulations are particularly tempting targets for hackers.
Read the full article here: https://www.attorneyatlawmagazine.com/triangle-edition/cybercriminals-attack-law-firms/