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Court’s Ruling on Privilege Presents New Cybersecurity Challenges
A federal judge has ruled that a financial institution must provide litigants with an incident report detailing its forensics firm’s findings relating to a 2019 cyber attack, creating new uncertainty for companies and their legal departments.
In 2019 a former employee of a major bank’s cloud hosting company hacked into one of the bank’s servers, gaining access to “more than 100 million…accounts and credit card applications.”
In May, a federal judge ruled that the bank must provide litigants with an incident report from its cybersecurity forensic firm articulating the details surrounding the event and their investigation.
The surprise decision, in effect, determined that [the bank] would need to provide the forensic details…about the hack to attorneys representing a group of customers suing the bank. It’s the kind of report that, if made public, could highlight technical and procedural failures that made it possible for a single suspect to allegedly collect gigabytes of data about 100 million people from a bank with $28 billion in revenue.
Typically, hacked organizations are able to keep incident response reports private and avoid costly suits by shielding the details under attorney-client privilege. Not under this decision.
Having reviewed the decision and associated legal opinion, Optiv offers the following observations regarding the Memorandum Opinion and Order (“Order”).
The Court’s decision suggests both legal and operational implications.
The complete Court order itself can be reviewed at CyberScoop.
The information provided in this article does not, and is not intended to, constitute legal advice. All information, content and materials available on this site are for general informational purposes only. Readers of this website should contact their attorneys to obtain advice with respect to any particular legal matter. No reader, user or browser of this article should act or refrain from acting on the basis of information on this site without first seeking legal advice from counsel in the relevant jurisdiction. Only your individual attorney can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.
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