Quite recently, high-profile security incidents at prestigious law firms like Cravath Swaine & Moore LLP gained media attention, inciting yet another flurry of debate in the ongoing dialogue about whether various industries are taking the proper cybersecurity measures. It was confirmed that hackers had breached the cybersecurity defenses of Cravath, as well as other major firms including Weil Gotshal & Manges LLP, that represent major financial players like Fortune 500 companies and Wall Street banks. This comes on the heels of the news of the Panama Papers, the scandalous release of millions of documents related to financial and attorney–client information.
In our data-driven age, law firms store vast amounts of sensitive financial information and clients’ details electronically—and such information is increasingly valuable. The safeguarding of information that these law firms and many other types of organizations handle (i.e., healthcare, finance, and retail industries) is paramount. Recent news headlines highlight points of vulnerability in the data security chain, which includes security infrastructure (both hardware and software), the processes put in place to protect them and the people who safeguard and operate them. Major cybersecurity attacks compromise the safety of sensitive data—from key evidence, to merger and acquisition details, to credit cards, to trade secrets. Carefully-structured, sufficiently-staffed, and up-to-date information security operation centers (also known as SOCs) are crucial to the safety of companies and corporations of any size.
SOCs are centralized systems that offer a comprehensive means for organizations to respond to security threats and manage breaches or attacks. In the recent past, SOCs were used primarily by governments and computer security providers in order to protect sensitive data and monitor, detect and defend against external cybersecurity threats. These days, however, SOCs are being increasingly adopted by businesses and other organizations as they come to depend on the storage and transmission of sensitive electronic data for daily operations. To be effective, SOCs require strong communication amongst and between staff, data flows and technology, and each of these vectors are responsible for monitoring a network’s safety and taking action against potential threats. Capsicum Group can act as an independent evaluator of which SOC is best for your business. Drawing on our deep understanding of data security needs, we will evaluate gaps in your security chain and advise on how to fill them, as well as how to prioritize attacks by threat level, evaluate your data’s value to hackers (even smaller organizations can carry information that is highly valuable) and assist in developing policies and processes that take a multi-layer approach to cyber protection.
An SOC must also enlist the expertise of a team of response personnel who will move quickly to address vulnerabilities, attacks and breaches once they have been identified. Your response team should include seasoned IT and cybersecurity professionals who can identify intruders and limit damages in the case of a cyberattack. As security breaches continue to pose a threat with far reaching costs, outsourcing the most sensitive investigation and recovery tasks should fall to professionals who specialize in cybersecurity and understand your system. Capsicum Group’s incident response consultants will collect data on the incident and perform forensic analysis to identify the affected and infected areas. We will also support your legal team or law enforcement by producing evidence, expert reports and affidavits, as well as testifying in court.
Of course, you can lessen the risk of encountering a security breach in the first place by establishing proactive incident response processes and procedures within your SOC and the rest of your business. We recommend that your organization undergo a regulatory compliance review that will help you understand and comply with industry best practices related to cybersecurity. The Capsicum Group team can plan, design and implement a compliance program based on analysis of your current security policies and any weaknesses that need to be addressed. We will also perform quarterly or semi-annual upgrades based on your changing needs.
SOCs operate best under the combined stewardship of outsourced experts who offer an outside perspective, and in-house staff reinforcing security through workplace best practices. Capsicum Group can also train employees in how to individually enforce cybersecurity policies and procedures that you have developed, whether you’re located in Philadelphia or elsewhere. Our workplace trainings take place on-site or via video feed, and are tailored based on our team’s assessment and audit of the current state of your staff’s ability to defend against and respond to breaches. We will initially test for security weaknesses within your network and workplace, including employees who may be vulnerable to phishing or other types of attacks.
Enhance your cybersecurity profile and build a solid system of defense by calling Capsicum Group at 888-220-3101. We specialize in preventative measures as well as in reparative action in the aftermath of a security breach. Capsicum can perform digital forensics and collection of evidence that can be used in court, thanks to our experts located up and down the East Coast, from NYC to Ft. Lauderdale.