Banks Demand That Law Firms Harden Cyberattack Defenses
From: The Wall Street Journal
Background Checks, System Audits Are Used to Close Potential Back-Door Breaches
By Jennifer Smith and Emily Glazer
Big banks are demanding that their law firms do more to protect sensitive information to ensure that they don’t become back doors for hackers.
Once given special status as trusted third parties, lawyers, particularly those who get access to sensitive bank information, now are more likely to get full background checks. The number of compliance checklists for law-firm technology systems and security procedures has ballooned. And law firms big and small increasingly are getting on-site audits to check who has access to documents and office servers.
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