Bloomberg Law
March 4, 2015, 4:26 AM UTC

Cybersecurity: The Looming And Growing Threat

Alison Diana

Corporate legal spending on cybersecurity issues hit $1 billion last year, according to the BTI Legal Spending Outlook . It’s easy to see where this money is going: By 2018, more than 50% of organizations will use outsourced providers for security, Gartner predicts .

Here are seven trends expected to impact CIOs, law firms, and their clients in the year ahead:

  1. Banking on IT and law firms vulnerability

In the wake of last year’s cyberattack that affected 80 million J.P. Morgan Chase customers, several banks asked their law firms to implement stronger security measures. Today, several banks and major U.S. law firms ...

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