Regarding a law firm’s recent leaking of confidential data belonging to thousands of Wells Fargo’s wealthiest clients, Brad Keller, Sr. Director 3rd Party Strategy at risk management vendor Prevalent, Inc. (Warren, NJ) commented below.
Brad Keller, Sr. Director 3rd Party Strategy at Prevalent, Inc.:
“The disclosure of 1.4 gigabytes of customer information (https://www.nytimes.com/2017/07/21/business/dealbook/wells-fargo-confidential-data-release.html by a Wells Fargo attorney highlights the fact that law firms have to step up their game when it comes to protecting client data. It also highlights the fact that many more law firms have confidential and/or proprietary data than most companies (banks or otherwise) realize. Firms engaged in litigation, intellectual property, merger & acquisition, are all areas where customer data and confidential company data could be exposed. While it is a difficult undertaking, law firms have to be treated the same as any other third party service provider with access to this type of information, and assessed to make sure that they maintain adequate controls for IT security and data protection. ”
