Gadens, Lawcadia introduce cyber-attack toolkit
Law Firm Gadens released a “first-of-its-kind” cyber incident manager, in conjunction with Lawcadia, to help organisations handle legal reporting duties following a cyber breach.
Cyber security incidents are now a fact of life for law firms; during the second quarter of 2022, internet users worldwide saw approximately 52 million data breaches, according to Statista’s research department.
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While many organisations have a cyber incident response plan in place, it’s possible that time-sensitive legal compliance will be forgotten amid the chaos.
It streamlines the information collection, assessment, and reporting of potential cyber incidents on a single online platform, enabling businesses to ensure defensible, timely, and cost-effective compliance with multiple cyber incident-related laws and standards, including the Security of Critical Infrastructure Act (the SOCI Act).
Gadens Cyber Incident Manager incorporates regulatory reporting requirements, making it simple to request legal counsel and preparation of the regulatory report, if necessary, in the event of a cyber incident.
The workflow tool also provides practical guidance on what to do next within strict statutory deadlines, drastically reducing the risk of legal repercussions for organisations and their most senior accountable employees.
The Gadens Cyber Incident Manager is available off-the-shelf and is powered by Australian legal technology company Lawcadia’s intelligent and secure platform engine, Lawcadia Intelligence, and is supported by an ISO 27001-certified information security management system.
Speaking about the launch, Gadens director Robert Feldman said that there are a lot of moving parts when you are in the middle of a cyber incident, and someone needs to manage the legal compliance.
“One of the biggest issues is a complicated and overlapping patchwork of legislation and other standards — some of which have very tight reporting time frames,” he said.
“The tool will help organisations navigate that patchwork and keep them on track to meet their legal compliance obligations while they get on with everything else involved in managing the incident,” said Mr Feldman.
Lawcadia founder and chief executive officer Warwick Walsh shared his excitement with the continuation of its innovation partnership with Gadens.
“Gadens has been able to continually leverage innovation to solve clients’ pain points firstly with the Gadens Breach Manager for financial services and now with the Gadens Cyber Incident Manager, a timely and important tool for the current climate,” Mr Walsh concluded.