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Cyber-insurance: An Added Layer of Security
Confidential client records and work product are the core of any law firm's work product. Most firms understand the necessity of archiving computer and paper files in a safe, off-site location. But what about the active files on a computer?
If they are compromised by a hacker, or otherwise threatened by criminal activity, how would it affect a firm's operation?
A recent survey of businesses and professional organizations, conducted jointly by the Federal Bureau of Investigation and the Computer Security Institute (www.gocsi.com), provides these chilling statistics:
- 90% of survey participants have suffered a computer security breach, with average losses running into the hundreds of thousands of dollars.
- The two biggest sources of financial loss from computer security breaches are viruses (accounting for 33% of the total) and unauthorized access (causing one-fourth of all computer security losses).
- Theft of proprietary information is the fastest rising cause of computer security financial loss, doubling from the year before in the most recent survey.
Liability Insurance
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Yachts, Jets, Horses & Hooch: Specialized Commercial Leasing Models
Defining commercial real estate asset class is essentially a property explaining how it identifies — not necessarily what its original intention was or what others think it ought to be. This article discusses, from a general issue-spot and contextual analysis perspective, how lawyers ought to think about specialized leasing formats and the regulatory backdrops that may inform what the documentation needs to contain for compliance purposes.
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