I’ve lived through a few natural disasters in my time, and I’m sure you have too. Most of us living in Atlanta probably remember the tornado that hit the city back in 2008 where windows were blown out of the Omni hotel. This month Hurricane Florence slammed the North Carolina East Coast with 75 mph sustained winds. The U.S. has been tracking natural disasters since the 1800’s. The most expensive and probably the worst hurricane was Hurricane Harvey, a category 4 monster, causing $125 billion in damages in Texas, Louisiana and Alabama last year. By the way, the World Meteorological Organization has been naming hurricanes since 1953. They have a list of names and the lists are rotated every six years.
While hurricanes can get pretty nasty and deadly, potential cyber-attacks are probably running a close second when it comes to crippling economic losses. According to a report by Lloyd’s and Cyence, a malicious hack can take down a cloud service provider with potential losses of $53 billion. Add on another $28 billion if it attacks computer operating systems. Network security these days is not an option, it’s mandatory. If you doubt it, look no further than Equifax, Uber, Yahoo and Facebook all of whom suffered major data breaches. Having a solid technology infrastructure to ensure the safety of our clients’ data has always been one of IST’s strengths.
Last month we attended the ILTA conference at the Gaylord National Resort & Convention Center in National Harbor, Maryland. ILTA stands for the International Legal Technology Association and is one of the largest legal technology trade shows in the U.S. The organization was founded in 1980 and has more than 24,000 U.S. and international legal technology professionals. Law firms represents 84% of the total membership.
IST was well represented at the ILTA conference. We had 21 people attend including Greg Caraway, our V.P. of eDiscovery. I asked Greg a few questions about his experience with ILTA.
What were some of the major takeaways from attending ILTA?
“Four years ago we were building relationships. Today, we are closing major deals and meeting with key players in the industry that know our name.”
What are some of the benefits of attending ILTA, and is it worth it?
“There is no question that building relationships with technology companies is a major benefit. This is an education conference, so our project manager team always has Technology takeaways. That said, we did secure three to four new accounts and generated over one million dollars in revenue.”
Are there any other conferences that we attend that are beneficial?
“I would say that Relativity Fest is another great one, but it is an educational conference and not for sales. Legal Tech is another one that we regularly attend.”
The ILTA conference was a great success. We were also pleased to see that one of our clients, Jackson Lewis, won the Organization Award for the most Innovative Law Firm of the Year! Way to go Jackson Lewis!
While many e-Discovery service providers tout their security procedures, only a select few have ongoing auditing for certification under recognized SOC standards. We also apply a Single Tool Workflow ensuring zero risk of unsecured, lost or damaged data as data is not copied from server to server. Our clients can be confidant that a breach under our watch will not happen.
As IST moves forward, we will always be one step ahead of the curve when it comes to state-of-the art technology and protecting our clients’ data and information. We take this very seriously. As we move into the fourth quarter, our future is bright, our course is steady and our commitment is unshakeable. As Winston Churchill once said, “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” Thank you for all that you do.