Law firms that advise companies on mergers and other transactions are being increasingly targeted by cyber criminals seeking highly prized confidential information on corporate deals. That is the finding of the report 'Cyber Security in Corporate Finance', which illustrates the risks law firms, accountants and investment banks face on these deals and looks at practical ways to tackle those risks. The Institute of Chartered Accountants in England and Wales' report, which EY contributed to, shows that the sheer number of players involved in a deal means each one must take the threat of cyber crime seriously. This has implications for law firms, which, the report notes, are involved in all stages of a corporate transaction.
February 04, 2014 at 12:33 PM
1 minute read
The original version of this story was published on Legalweek
Firms are increasingly being targeted for their huge volumes of sensitive information about major corporates
Law firms that advise companies on mergers and other transactions are being increasingly targeted by cyber criminals seeking highly prized confidential information on corporate deals.
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