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<b><i>Online Extra:</b></i> Law Firms to Form Cybersecurity Alliance

By Christine Simmons and Nell Gluckman
March 30, 2015

As pressure to strengthen defenses against security breaches increases, at least five Am Law 100 and Magic Circle firms are working to form an alliance that would allow them to ultimately share information with each other about cyber threats and vulnerability.

The group includes Sullivan & Cromwell, Debevoise & Plimpton, Paul Weiss Rifkind Wharton & Garrison, Allen & Overy and Linklaters. It will be affiliated with the financial industry's forum for cyber threat discussions, called the'Financial Services Information Sharing and Analysis Center'(FS-ISAC), according to Bill Nelson, CEO of FS-ISAC.

The goal of the law firm group linked to FS-ISAC,'which was first reported by The New York Times, is to have a more focused method to share intelligence about cyber threats with other law firms and also to receive information from major financial institutions about possible threats.

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