The Panama Papers is the most well-known breach of a law firm, compromising 11.5 million documents from the law firm Mossack Fonseca. In it, 2.6 terabytes of client data were exposed, revealing information about 12 heads of state, 29 billionaires, 150 politicians, and many major financial institutions across the globe.
But Mossack Fonseca is hardly the only firm facing data breaches. Now, law firms everywhere are increasingly concerned about exposure of client data. During the panel “Lessons Learned from the Panama Papers” at Wolters Kluwer’s ELM User conference, speakers discussed information governance practices from the perspectives of corporate legal departments, law firms and legal service providers. In doing so, they provided three ways in which legal professionals can reduce the risk of data breaches:
