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Meritas, a nonprofit association of law firms, now requires its law firm members to follow a new cybersecurity standard. The reason for this new standard? Law firms' clients.
“All of what you are seeing is because clients are requiring it of outside resource providers,” explains Tanna Moore, president and chief executive officer of Meritas.
Moore states that law firm clients have a heightened awareness of cybersecurity after recent breaches of law firms' confidential data. The 2016 Panama Papers, where Mossack Fonseca was breached and a plethora of data was exposed, leading to the firm's dissolution, inspired Meritas to develop a cybersecurity standard for the company and its member firms, Moore says.
“We [law firms] really have a lot of confidential information about clients; we need standards about how we store confidential client data,” she explains.
The Minneapolis-based company collaborated with a cybersecurity expert for nine months and announced its 10 cybersecurity standards that current and future Meritas members must follow. Meritas' new cybersecurity standards are:
Currently, penalties for not meeting the new standards haven't been set. “As the program is just being implemented, we are in the process of determining the long-term consequences,” Moore says. “At this point, we bring issues to the members' attention for them to resolve.”
The new cybersecurity standards are offered as an assurance to clients that law firms in the Meritas association are members of an organization that requires them to be equipped with cybersecurity standards. The way Meritas operates is that if a member law firm has client work that is out of the law firm's jurisdiction, it can refer a fellow Meritas member law firm to that client.
“If they are referring another firm in our organization, they are assuring that this firm has looked at and is aware of cybersecurity plans,” Moore explains.
Meritas has 181 law firm members spread across 90 countries, according to Meritas' website, and finding a simple core of cybersecurity requirements in a sea of differing international regulations was key, Moore says. “We wanted to be able to find the common denominator and simplify it so our firms would understand them.”
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Victoria Hudgins is a reporter for Legaltech News, an ALM sibling of Cybersecurity Law & Strategy, where she covers national and international legal tech innovations and developments.
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