As recently as February 29th, 2024
Houser LLP, a U.S. law firm that specializes in serving high-profile financial institutions, said a system breach discovered in May 2023 exposed the personal data — possibly including sensitive information such as credit card numbers — of more than 325,000 people.
In a regulatory filing posted Wednesday by Maine’s attorney general, the company said certain files were encrypted during the incident and were “copied and taken from the network.”
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The rise and evolution of ransomware makes law firms a prime target. A wealth of confidential and proprietary information is contained within this industry, which could be damaging if exposed.
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“Law firms are not seen as the most tech-savvy industry and there may not even be a technology staff at smaller firms,” Mike Mooney, partner and senior vice president at USI Affinity in Newtown Square, Penn., told lawyers gathered at a panel discussion on cyber risks held at the New York State Bar Association’s Annual Meeting in New York City. “Mix that all together and lawyers and law firms make prime targets.”
Mooney and Michelle Merola, an attorney with Hodgson Russ in Albany, warned lawyers about the evolving and increasingly sophisticated threats posed by the cyber-attack industry. “It is not a Nigerian prince sending out an email anymore,” said Mooney, noting it is a billion-dollar industry that frequently involves organized crime. Added Merola: “This is not a young person sitting in a basement. People are working on their techniques. This is business.”
nysba.org
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