ARCHIVED CONTENT
You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.Extract from article by David Greetham
At legal technology industry conferences across the country, I hear rising concern about the potential for hackers to get at the collections of client data that law firms store and process for e-discovery. According to a 2016 study of data breach costs by the Ponemon Institute, the average cost of a data breach is now $4 million.
But more important than the financial loss would be the reputational damage to the firm, loss of clients and perhaps even litigation. What if a breach resulted in the loss of a client’s intellectual property? Damages could be astronomical.
Many firms have the mistaken impression that their data is safest where they can “touch” it and are hesitant to move it from on-premise to the cloud (which conjures up images of data freely floating through the air). Yet, law firms aren’t actually that confident about their own security.
Read the complete article at 3 Ways E-Discovery is Safer in the Cloud than On-Premise