Giants from the worlds of cybersecurity, law and information are teaming up to offer a combination of risk management, legal services and regulatory compliance packages to companies facing a bewildering plethora of internal and external cybersecurity demands.
In a release Monday, Thomson Reuters, Pillsbury and FireEye said their partnership would provide clients, including those in the financial sector, with “the resources and guidance [they] can rely upon to help manage cyber risk, especially as additional regulations in this area expand and evolve.”
The service the partnership offers “combines legal counsel, technical assessments and legal managed services to help meet a variety of internal, external and regulatory standards,” according to the statement.
Pillsbury, a leading international law firm, will provide companies with assistance navigating “the myriad regulations, standards and guidelines they face as well as provide them with legal counsel related to compliance and risk management.”
Thomson Reuters’ legal managed services team will “review contracts and agreements with third-party suppliers and assist in implementing” changes recommended by Pillsbury.
FireEye will perform “technical risk assessments, advanced testing and response readiness” assistance tailored to the client’s “specific industry and operations.”
“Cyberthreats and the regulations created to counter have grown incredibly complex,” said Brian Finch, partner and co-chairman of Pillsbury’s privacy, data and cybersecurity practice. “With that in mind, it is essential to bring multiple perspectives and skill sets together in order to attack the problem.”
Citing the recent cybersecurity regulations issued by the New York State Department of Financial Services, Finch said “that no one organization can fully assist a company in protecting itself from criminal attack and regulatory obligations,” but the multi-pronged approach the partnership offered could.
“By strategically partnering with leaders in the legal industry — Pillsbury and Thomson Reuters — we can address the complex cyberthreats that the market and specific organizations are facing,” added Rich Stegina, vice president of strategic partnerships at FireEye.
The analysis of third-party agreements for cyber-gaps and risks is a key element of the package, explained Christy Weisner, director of Thomson Reuters’ legal managed services department, “This alliance ensures clients receive a comprehensive team to address cyberrisk. Our managed services experts will evaluate each contract that involves client data or information systems and, following Pillsbury’s guidance, assist in renegotiation and redocumentation if needed.”