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Proskauer Rose LLP

Aliases: 2 aliases
Primary URL Location Industry
www[.]proskauer[.]com
Country United States of America
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Financial Services
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Proskauer Rose LLP, headquartered in the United States, is a law firm that provides legal services to corporate clients. On May 27, 2023, the firm experienced a data security incident involving unauthorized access to its MOVEit file transfer application. This breach compromised personal information, including names and addresses, within documents related to a client transaction for Apogem Capital. The firm promptly terminated the vulnerable instance and engaged cybersecurity experts to investigate the incident. Although no identity theft was reported among the affected individuals, Proskauer Rose offered complimentary credit monitoring and identity restoration services as a precautionary measure. The incident was part of a broader exploitation of MOVEit vulnerabilities that impacted multiple global law firms that summer. This event highlighted the risks associated with third-party file transfer applications in handling sensitive client data. The firm's response included immediate containment actions and collaboration with external forensic specialists to assess the scope of the breach. Affected parties were notified in accordance with regulatory requirements, and the firm communicated details through official channels such as state authorities and media reports.

As a limited liability partnership, Proskauer Rose operates under a structure common among large legal practices in the United States. The breach underscored the importance of robust cybersecurity measures for law firms that manage confidential transactional information for corporate clients. While specific details about the firm's size or practice areas are not provided in the incident documentation, the nature of the compromised data indicates involvement in corporate transactions. The incident did not result in reported financial fraud, but the firm proactively provided identity protection services to mitigate potential harm. This approach aligns with standard incident response protocols for data breaches in the legal sector. The firm's handling of the situation reflects an awareness of regulatory obligations and client trust considerations. No long-term operational disruptions were noted following the termination of the compromised system. The event serves as a case study in third-party risk management for professional services firms. Proskauer Rose's experience illustrates the cybersecurity challenges faced by legal entities handling high-value client data. The firm's location in the United States subjects it to various state and federal data protection laws, which likely influenced its response strategy.

Incidents
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1 incident