What it really means to be ready for crisis

With systems and security constantly under attack, law firms and their clients have been forced to spend and innovate like never before to stay one step ahead of the threats they face. In a recent contribution to The Recorder’s monthly series, The Marketing Department, Zach Olsen discusses what it means for law firms to be truly prepared for a crisis in the twenty-first century

There has been no shortage of attention paid to the staggering costs of data breaches to businesses. According to the Ponemon Institute, which analyzed data breach costs reported by 507 organizations across 16 geographies and 17 industries in 2019, the average cost of a breach in the United States rose to $8.19 million last year. This number far exceeds the worldwide average of $3.92 million, making the United States the absolute worst place on earth to suffer a data breach.

But if there is a silver lining, it’s this: With systems and security constantly under attack, law firms and their clients have been forced to spend and innovate like never before to stay one step ahead of the threats they face in the 21st century.

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