Weil reportedly paid up to $20M after hackers stole client files

Source: Non-Billable

New York City-based law firm Weil Gotshal & Manges reportedly paid between $18 million and $20 million to a cyber extortion group to prevent the publication of stolen client data, according to The Insurer, citing people familiar with the matter. A Weil spokesperson told Non-Billable the firm had “recently responded to a cyber incident involving a threat actor and the unauthorised uploading of a limited number of client documents to an external cloud storage site”. The spokesperson added that Weil had activated its incident response protocols, engaged third-party cybersecurity professionals and notified law enforcement after discovering the incident. Founded in 1931, Weil has provided legal services to the largest public companies, private equity firms and financial institutions for more than 90 years. The firm has approximately 1,200 lawyers in offices around the world. Full Story