P2P

Spring23

Peer to Peer: ILTA's Quarterly Magazine

Issue link: https://epubs.iltanet.org/i/1496203

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45 I L T A N E T . O R G T here was a time when lawyers and law firms were much more comfortable keeping client records and data indefinitely than they were destroying them. But that time has now passed. As Chris Giles and Kandace Donovan explain in this white paper, in today's legal landscape data minimization has become essential. Firms that don't practice data minimization have greater exposure through security breaches. They also run the risk of some dire cost, performance and reputational consequences. Did you know that around 2.5 quintillion bytes worth of data are now being generated every day? In 2019, there were 4.4 zettabytes (ZB) of data in the digital universe. By 2020, that figure had increased tenfold to 44 ZB 1 and is forecast to reach 200 ZB by 2025. 2 This is a landscape in which data must be tamed or it threatens to overwhelm us or trip us up. It's one in which data minimization is critical for everyone, not least law firms which otherwise risk falling foul of cybercriminals, inefficiency, clients and regulators. The problem is that all too often firms aren't doing data minimization well – which could be very costly for them in all sorts of ways. Cybercriminals are coming to get you A significant danger is the growing incidence of cybercrime targeted at law firms. This has led to a number of high- profile attacks hitting the media with the attendant negative reputational impacts. And it's safe to assume that many more breaches will have occurred that haven't made the press. Among the nightmare scenarios that couldn't be kept out of the news, a high-profile entertainment law firm in the US suffered a ransomware attack in 2020. To exert pressure, the attackers leaked information about a world-famous client, and asked for a ransom payment of $42 million to prevent the release of further documents about further celebrities. News outlets reported that the criminals eventually received USD$365k. 3 In the same year a leading UK criminal law firm become the victim of a ransomware attack on its archive servers. Nearly 100,000 individual files were encrypted by the attackers and 60 court bundles exfiltrated and published on an underground market site. The bundles included sensitive personal data including medical files, witness statements, and victim and witness names and addresses. 4 The monetary and reputational cost to the firm isn't known but we do know the UK regulator – the ICO – fined the firm 3.25% of their annual revenue. 5 Nor are the risks receding. According to ABA's 2021 cybersecurity report, ransomware is: "An increasing threat to attorneys and law firms of all sizes". 6 And unfortunately, the low ebb in international relations between the West and Russia and China only exacerbates the threat, since the Russian and Chinese governments are not currently minded to clamp down on their homegrown cybercriminals. Quite the oppositive. 1. A zettabyte is one trillion gigabytes, see:https://explodingtopics.com/blog/big-data-stats 2. https://cybersecurityventures.com/the-world-will-store-200-zettabytes-of-data-by-2025/ 3. https://arcticwolf.com/resources/blog/top-legal-industry-cyber-attacks 4. www.dataguidance.com/news/uk-ico-fines-tuckers-solicitors-llp-£98000-data-breach 5. https://ico.org.uk/action-weve-taken/enforcement/tuckers-solicitors-llp-mpn/ 6. https://www.americanbar.org/groups/law_practice/publications/techreport/2021/cybersecurity/

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