Legal Work Up For Grabs As Cybercrime Skyrockets

Law360, Houston (December 13, 2013, 8:28 PM EST) -- The skyrocketing cost associated with data breaches is not only forcing law firms to rethink how they advise corporate clients across many platforms, but creating a fertile source of legal work at a time when demand for outside counsel is flat, according to several BigLaw attorneys.

A recent study conducted by the Ponemon Institute on the cost of cybercrime to 60 major U.S. companies in 2013 pegged the average annualized cost of Internet-based attacks alone at $11.5 million, an increase of 26 percent over 2012. That...
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