The 5th Annual Law Firm CFO/CIO/COO Forum
The scope of the threats to law firm data is global. In this panel discussion at the Data Privacy, Security & the Globalized Law Firm CFO/CIO/COO Forum, a country by country breakdown of dangers were discussed while the audience absorbed the magnitude of the panels concern.
Eben Kaplan, Senior Consultant, Control Risks; Josh Goldfarb, CTO, FireEye; Jay Healey, Senior Research Scholar Columbia University; Robert Knake, Senior Fellow for Cyber Privacy, Council on Foreign Relations; Daniel Sutherland, Associate General Counsel, Homeland Security demonstrated that each entity had various motives and techniques for cyber-attacks.
Who, Why, and How?
Who: China – They have a defined plan with tactics and procedures.
Who: Russia - They are one of the most experienced countries at hacking.
One interesting concern expressed on the panel is that Russia is very worrisome for the United States at the moment. The rule of thumb was that countries which could hurt the US years ago did not because they did not have a desire to do so. On the other side, those who wished to do harm did not have the bandwidth. This has changed. Putin is leading Russia down the road of an attack on the US, and they have the skills and bandwidth to do significant harm.
Who: North Korea – They are still new in this arena but improving quickly.
Who: Iran – They too are improving quickly
The Saudi Aramco Wiper Worm was a virus/worm supposedly created by Israel and launched on the Saudi company’s network. It reportedly wiped clean 75% of the world’s most profitable company’s computers and left only an image of a burning American Flag. Iran may have adapted the worm from something that had been launched on them years before by Israel.
The thrust of the panel discussion were that the threats to law firms are far and wide. While some nation states have not traditionally sought out law firms, there is keen interest in IP and M&A information. In closing Josh Goldfarb, CTO, FireEye mentioned some startling statistics. While they were installing hardware on their customer networks, many of which were law firms, they found of 1,216 customers tested that 97% of them were compromised. Even more fascinating was that 25% of those compromised networks were by other nation states. This underscored the importance of understanding who is knocking at your firewall and what they are seeking.
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