Datcom Cloud had the privilege of co-exhibiting with the NSW Government Cyber Business Exchange and Australian Information Security Association (AISA) at Legal Innovation & Tech Fest 2024, which took place on May 13-14 at the prestigious Hilton in Sydney.
This jam-packed two-day conference promised a fusion of cutting-edge content, unparalleled networking opportunities, and insightful knowledge-sharing sessions. Attendees got a glimpse of what awaited them:
- Innovation & Tech: They dived into the latest advancements that are reshaping legal practices, offering new avenues for growth and efficiency.
- Generative AI: They discovered how AI is revolutionising the approach to legal challenges, unlocking unprecedented potential, and streamlining processes.
- Skills for Driving Change: They gained valuable insights into the essential skills required to navigate the ever-evolving landscape of the legal industry, empowering them to lead with confidence.
- NextGen Lawyers: They explored the future of legal professionals and the skills necessary to thrive in tomorrow’s legal world.
It was the ideal opportunity to connect with industry leaders, explore innovative solutions, and learn how to stay ahead of the curve in legal cybersecurity.
Notably, our very own cybersecurity expert – Rube Sayed, shared his wealth of knowledge and experience on the Cyber Breach – Are You Prepared? panel, alongside industry experts Martin Boyd, Niru Verma, Shelvin Narayan, and facilitated by Tony Vizza from KordaMentha.
These were some of the key takeaways from their discussion:
- Tony highlighted that cybercrime reports have skyrocketed to 94,000 annually, that’s 1 every 6 minutes. With supply chain risks involved in 15% of breaches, the scale of cyber threats can’t be underestimated.
- Martin emphasised the importance of understanding cyber risk as a proactive measure, urging businesses to invest in cybersecurity to avoid future disruptions.
- Niru shed light on the significant impact cyber breaches can have on diverting resources away from core business operations, stressing the need for preparedness.
- Shelvin shared insights on effective strategies such as business continuity plans and the importance of swift and organised responses to cyber incidents.
- Rube mentioned the inevitability of cyber breaches and the importance of having a well-thought-out response plan, including the involvement of key stakeholders like cyber insurance providers and legal advisors.
- Addressing budget constraints, the panel explored cost-effective measures such as prioritising investments in training programs and establishing clear data breach policies.
- They stressed the significance of proactive decision-making, continuous improvement, and collaboration among stakeholders to navigate the evolving landscape of cyber threats effectively.
Overall, Datcom Cloud x Legal Innovation & Tech Fest 2024 was a huge success. We look forward to contributing and taking part in more industry led events in future!