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Cybercrime Risks and Cybersecurity Policies for Law Office Data

Thursday, July 8, 2021 Law firms have recently become prime targets for cybercriminals seeking to steal, expose, sell, or otherwise extort confidential information.  Both the digitalization of law firms’ sensitive documents and the increase in means available to perpetrate an online crime exacerbate these risks.  Law firms encounter various cybersecurity risks from “insiders” personnel within the company and external persons.   As a response, many law firms have adopted cybersecurity obligations to protect its clients’ data and the firm’s integrity and reputation.   Main Cybersecurity Risks Facing Law Firms Law firms naturally handle sensitive client data and confidential company information.  The lack of strong internal controls and compliance programs leaves law firms open to cyber-attacks. These attacks can be committed by insiders within the firm as well as external actors.  Some examples of cybersecurity risks for law firms include the following:

Awaiting the arrival of SPACs in Japan

June 14 2021 Attention to SPACs is increasing in Japan. Well-known Japanese investment companies have listed SPACs in the US, and some of the US-listed SPACs are targeting Japanese companies. The Japanese government has begun to discuss the introduction of a Japanese version of SPACs (J-SPACs) in Japan. On June 2 2021, the Growth Strategy Conference, an advisory board to the Japanese government, published a draft of the growth strategy implementation plan, which indicates that in light of the experiences of the US and other foreign regulators, general trends of the SPAC market and the perspective of enhancing Japan s international competitiveness, the Japanese government will consider introducing J-SPACs while taking adequate measures required from an investor protection perspective. While the US SEC is strengthening its monitoring as the SPAC boom heats up in the US, Japan is still on the other end of the spectrum. It would be worthwhile for Japan to consid

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