Clyde & Co launches global cyber risk network to boost resilience

Law firm Clyde & Co has launched a new cyber risk service for clients to boost their response to cyberattacks. Known as One, the network is led by lawyers but draws upon a global panel of multi-discipline experts to match each client’s need.

One will begin by boosting firms’ cyber resilience and follow with a support package for companies affected by hacking and ransomware that extends to helping with any subsequent litigation or regulatory action. Clyde & Co said the service will work directly with corporates or via their cyber insurers. Clients will be served by a 24-hour hotline.

The One network provides a range of services from digital risk audits and cyber incident response simulations to forensic reviews and litigation.

It will be led by Clyde & Co’s cyber risk, liability and litigation partners Helen Bourne and Ian Birdsey in the UK, and John Moran in Australia.

Bourne said: “Every business sector in every country is facing an ever-increasing risk of being targeted by cybercriminals and we wanted to consolidate our global expertise into a solution that would meet clients’ needs and demands.

“That has led to us creating the concept of One as a complete cyber solution led by expert lawyers and supported by a range of trusted vendor experts – a single phonecall will provide immediate access to a complete range of cyber specialists wherever they may be needed globally,” she added.

Birdsey said legal issues lie at the heart of the fight against cyber threats. “Today’s cyberattack is very different to that of five years ago… We’ve also seen cyber-related litigation bloom into one of the most challenging areas of international law. We only have to look at the rise of class actions like those previously brought against Google, TikTok and Facebook.”

Moran said the complexity and global scale of cyberattacks has created the space for a lawyer-led response. He said One is a holistic approach to cyber risk that will increase clients’ cyber resilience.

“Cyber risk has the ability to impact on virtually every aspect of an organisation’s ability to function. It is the single biggest risk most companies face, hence the need for legal expertise. Sticking-plaster solutions are no longer fit for purpose,” Moran said.