Posted: Tue, 08/09/2016 - 10:37am
Last week The Wall Street Journal reported that two major US law firms had been hacked in the summer of 2015. Why, by whom, and what was stolen is just conjecture. The most prevalent view is that it could be hackers seeking information to game the stock exchange--a view possibly started by WSJ's own comment, "A case last year shows that hackers have gone after sensitive material to fuel illegal trading." Knowing who is buying what, and what price they are willing to offer, could lead to some very quick and risk-free profits.
The biggest surprise about these hacks, however, is that there is any surprise at all. More than a year ago Bloomberg reported Stewart Baker commenting, "Virtually all of the biggest [law] firms have faced some sort of data breach."
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