For years, I have been concerned that cybersecurity and the risk of data breach does not get the attention they deserve at many law firms. Part of it is becasue law firm leadership often does not understand cybersecurity and part of it is cybersecurity is just a cost drain.
That’s why the new IBM study of today’s data breach landscape is important reading even though it does not look at the problem for the legal business. The study clearly shows that AI is enabling cyber attacks to occur incrementaly faster and take less time and cost for the bad guys. And for the good guys, the attacks will on average cost some $1 million more than they used to be. The study confirms many of my worst fears. Here’s my discussion for Above the Law.