Report Summarizes Cybersecurity Initiatives in Big Law.
Chase Cost Management (CCM) surveyed major law firms on the topic of cybersecurity expense management to identify their Information Security (InfoSec) investment priorities.
Chief Information Officers and Information Technology directors at big law firms surveyed indicate that they are spending as much as $7M per year (average of 1.9% of gross annual revenues) on information security – though CCM cautions that this figure could include other IT expenditures. Survey respondents were evenly split on their budget size assessments, with half thinking their budget is enough and half thinking it should be higher. Read more!