The potential for cyber incidents is basically a fact of life for businesses and their corporate legal departments. However, with 2020 serving up a few prominent reminders that even legal providers are not immune from the attention of hackers, it’s possible that the segments of master services agreements dealing with cyber remediation may continue to balloon over the next few years.
To be sure, extra precautions are not entirely without merit. In late February, Epiq took its global systems offline after detecting unauthorized activity that turned out to be a Ruyk ransomware attack. Law firms have not been immune to cyber crime either, with Seyfarth Shaw among the latest high-profile targets to join a growing list of ransomware targets in October.
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