Summary: The law firm of DLA Piper has announced the release of Blue Edge Lab, its first non-legal project, which comes in the field of cybersecurity.
DLA Piper
DLA Piper will announced its new subsidiary, Blue Edge Lab, on Monday.
The new service consists of subscription software called CyberTrak. The software will be sold to companies at an annual price of $25,000. The software is a guide to cybersecurity-related regulations and laws across the globe. It covers 23 countries.
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For companies that operate in the United States, the software will cover the sectors of financial services, government contracting, health care and energy. The software provides legal requirements in all of the sectors and assesses the risk of enforcement.
Blue Edge Lab is owned by DLA Piper. Blue Edge Lab has a 50 percent stake in the CyberTrak software. The remaining 50 percent ownership of the software belongs to the Internet Security Alliance.
The president and chief executive officer of the Internet Security Alliance, Larry Clinton, said, “This information is useful to many different areas of a company, not just the general counsel’s office and the IT office. It provides an efficient way for entities to provide information to upper management who are considering broader business issues like new product launches and partnerships. We’re providing information that we think enables them to carry on business practices more efficiently.”
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Vincent Sanchez is the co-chair of the firm’s technology, sourcing and commercial practice. Sanchez said the following about Blue Edge Lab:
“It’s an ancillary business. We’re looking at new ways to provide products and services to our clients that may not be of the traditional law firm model.”
Sanchez worked on the project with co-chair of the firm’s U.S. cybersecurity practice, Jim Halpert.
Clinton noted that the idea was created a couple of years ago, but there were not enough laws in the country regarding the topic.
“There weren’t enough laws and regulations originally to make a business of it,” Clinton said. “But we have long since passed that threshold, we have lots of laws and regulations now, many are conflicting and create new problems.”
So far, 47 states and the District of Columbia have created data breach notification laws.
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Image credit: DLA Piper
Source: Washington Post