As the advent of the Internet of Things (IoT) continues to increase data exponentially, cyber-attacks and data breaches persist at alarming rates and effectiveness.
These circumstances create a need that has fostered a booming business for contractors whose business services and products are designed to assist corporations with defending against hackers and nefarious intruders.
The recent data breach against Target stores resulted in customers’ credit and debit card information being stolen. According to reports, hackers who attacked the credit card payment system of Neiman Marcus belong to a sophisticated Russia-based organization that has been attacking more than 100 retailers over the course seven plus years. Attempts to shut down this criminal network have failed thus far.
Many defense companies who have been defending government computers from security threats are now expanding their business model to the private sector and tailoring their offerings to assist companies that need to protect confidential, proprietary digital data.
In fact, defense firms market themselves as being better equipped than other cybersecurity companies. The logic is that if you can help the U.S. government hack-in, you are equally qualified to prevent similar hacks from infiltrating your business.
The types of services offered to defend against hacking varies. Some companies sell software aimed at detecting malicious computer code and implementing antivirus programs. Others offer consulting services on preventing cyber-attacks in specific industries or markets.
Security analysts for traditional tech companies argue that it is unclear or otherwise unproven whether defense firms offer better protection than they do, but it is evident that defense firms are more expensive to retain. As a result, these defense firms are often only within reach of larger companies such as multi-national banks and conglomerates , while the commercial tech companies are used by more mainstream businesses.
One consideration for multinational companies is that the contractors’ cybersecurity programs may be so strong that the programs cannot be legally exported to certain countries.
Still, you can expect to see defense firms increasing their cybersecurity offerings and the overall industry of defending against hacking to steadily expand. And like most “new” things and offerings, price points are likely to be scaled over time and with increased competition to be more affordable.
Non-disclosure agreements (NDAs) remain a critical tool for protecting sensitive business information. However, New York NDA requirements have evolved, and businesses must ensure these agreements are carefully drafted to remain enforceable. In a competitive market like New York City, NDAs are commonly used to protect proprietary information, client relationships, and strategic plans. At the same […]
How Courts Evaluate Testamentary Capacity and Undue Influence Will contests in New Jersey are difficult to win, given the strong presumption that a properly executed will reflects the testator’s intent. However, challenges based on lack of testamentary capacity and undue influence remain common, particularly where there are concerns about mental capacity or the involvement of […]
Bringing on outside investors can provide the capital and strategic support a business needs to grow. However, raising capital also introduces important legal, financial, and operational considerations. Before bringing on investors, businesses should address key legal issues to reduce risk, streamline investor due diligence, and position the company for long-term success. Early preparation signals that […]
How the Updated Law Shapes Retirement and Estate Planning The SECURE 2.0 Act of 2022 materially reshapes the required minimum distribution (RMD) landscape, extending tax deferral opportunities while accelerating distribution requirements for many beneficiaries. For high-net-worth individuals and families, these changes are not merely technical. They require a reassessment of retirement income strategies, beneficiary planning, […]
Buying Commercial Property in New Jersey: Legal Guide for Small Businesses
Small businesses considering buying commercial property in New Jersey must evaluate a range of legal, financial, and operational factors. While ownership can offer long-term value and control, it also introduces significant risks if not properly structured. This guide outlines key considerations to help New Jersey business owners make informed decisions, minimize legal exposure, and successfully […]
The SEC’s Latest Guidance on Applying Federal Securities Laws to Tokenized Securities
On January 28, 2026, staff of the U.S. Securities and Exchange Commission’s Divisions of Corporation Finance, Investment Management, and Trading and Markets issued a joint statement clarifying how existing federal securities laws apply to tokenized securities. The SEC’s “Statement on Tokenized Securities” does not establish new law, but it does provide greater clarity on the […]
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Sign up to get the latest from our attorneys!
Explore What Matters Most to You.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!
