Technology

As businesses continue to shift their operations virtually, cyberattacks also come in more sophisticated forms, posing worse risks and jeopardizing company data.

Contract provisions regarding data privacy and security have become crucial because of the recent upsurge of cybersecurity threats and breaches. These risks have underscored the need for every business to implement strong and effective data management programs to avoid further financial and reputational losses associated with cyberattacks. However, the stream of new privacy laws and the varying jurisdictions have brought complexities to this effort.

Much has been said about exploding data volumes and emerging data types as technology evolves, contributing to the ever-growing challenges for legal professionals. However, less attention has been paid to the equally powerful analytics tools that have emerged as AI continues to advance. To master a new era of data—defined by its complex variety, growing volume, increased velocity, and challenging veracity—teams need the right analytics solutions. In this panel discussion, experts Mark Noel, Director, Advanced Client Data Solutions of Hogan Lovells, Sam Sessler, Assistance Director of Global eDiscovery Services at Norton Rose Fulbright, Bradley Johnston, Senior Counsel, eDiscovery of Cardinal Health, and Paige Hunt, Vice President of Global Discovery Solutions at Lighthouse, will discuss emerging trends in analytics tools and provide best practices for utilizing them to tackle urgent data challenges.

Developers and DevOps are an integral part of software development lifecycle and hackers want into the software supply chain. Hackers want in and your organization’s developer community is likely under covert operations, reconnaissance, surveillance and intelligence gathering by hackers as we speak.

Today's digitally-dependent market requires businesses to store all sorts of data into their systems. From simple day-to-day transactions and records to the most sensitive company and client data, business processes have now evolved in order to accommodate and effectively implement the complex nature of data protection. Adding to these complexities is the increasing number of data breaches which was driven by the abrupt cloud migration when the pandemic started.

The first half of 2021 witnessed some of the most damaging third-party data breaches to date. With cyber-attacks ranging from small to large scales and data thefts compromising sensitive information, there is no denying that the third-party data breach problem is here, and it needs immediate action.

Along with the digitization of many business processes, companies need to address the various cyber threats today’s landscape presents. If not properly managed, these cyber risks could lead to significant IT outages, eventually crippling business operations. As ransomware – and other cyberattacks – become more sophisticated, it further underscores the need for security teams to advance their vulnerability management programs to ensure that any susceptibility to cyberattacks is proactively detected and repaired, and their data storage systems are secure and impenetrable.

In today’s business climate where sophisticated cyberattacks continue to challenge organizations, cybersecurity programs must be anchored around the “zero trust” principle. This approach is a security scheme designed to ensure that critical assets are accessed by authenticated and authorized users only, preventing potential outside and inside threats.

Most, if not all, of today's businesses are turning to technology to improve the productivity of their business processes. While such an undertaking provides opportunities to increase the bottom line, the risks of sophisticated ransomware attacks that come along with it should never be ignored. Cybercriminals are here to stay with new tactics and strategies to hostage highly significant business data. If not properly addressed, ransomware attacks can result in significant technical, financial, and reputational damages.

Over the years, cyber incidents have become more and more rampant. Companies encounter various risks and challenges daily, that avoiding such attacks does not anymore suffice as a countermeasure. Companies must, therefore, develop a comprehensive cyber incident response and recovery plan that will efficiently protect them from risks, costs, and damages.