CAMBRIDGE, MA--(Marketwire - Sep 5, 2012) - Co3 Systems, a pioneer in Data Loss Management software, today announced that the Ashcroft Law Firm, founded by former United States Attorney General John Ashcroft has selected Co3 Systems to augment and accelerate its ability to assess and manage potential data loss situations for clients. By leveraging the Co3 Systems SaaS technology, the Ashcroft Law Firm can quickly assess potential data loss situations for regulatory impact, generate detailed incident response plans when necessary and manage incidents to closure. This not only allows the Ashcroft Law Firm to focus their substantial expertise on tuning guidance to individual clients' specific needs, but also provides a platform for the enhanced breach management and risk governance solutions Ashcroft offers its clients.
With exponential growth in cybercrime and equally rapid expansion of breach, data security and privacy regulations, the requirements for legal services related to data breach preparation and incident response are in massive demand. To continue to provide seamless and responsive legal services, the Ashcroft Law Firm is leveraging Co3 for rapid breach assessment and response planning.
"Organizations today are under siege on multiple fronts and drowning in complexity," said Ashcroft. "As they strive to compete globally with new business models and technology, they are stymied by a morass of vulnerabilities and regulations that challenge their ability to innovate. Balancing risk and reward isn't enough when a broad range of malicious elements seek to vacuum data en masse out of organizations. Though you can't anticipate every contingency, luck favors the prepared -- and preparing for everything from defense to response is critical."
"Our goal is to provide our clients with the most informed and actionable guidance to achieve their objectives and maximize their privacy and business safeguards," said Ellen M. Giblin, Privacy Counsel for the Ashcroft Law Firm. "With the Co3 knowledgebase, we get to focus on response strategy, and less on rote research, offering the client a higher quality risk response overall."
Co3 Systems provides Ashcroft Law Firm an expanded ability to track, identify and interpret regulatory requirements for its clients and then recommend and collaborate with each on incident response plan definition and execution. Co3 Systems' team of legal and privacy professionals constantly monitor regulations and legislation, fully understand their impact, and collaborate with customers, the Ashcroft Law Firm and other legal professionals to track and interpret new requirements and changes. By the time updates go into effect, Co3 Systems has already prepared and reviewed their impact thoroughly, allowing them to quickly notify affected individuals and add this expertise to the knowledgebase. The full value of the knowledgebase is then fully accessible through an easy-to-use interface that dramatically streamlines the incident response process for clients by providing actionable insight in less than 20 minutes. In addition to the most up-to-date information on both current and pending legislation, the platform provides extensive links to source legislation, disclosure letter templates, contact information and policies.
"In today's exploding threat environment, organizations face multiple enemies -- including cybercriminals, a complex regulatory environment and time," said Gant Redmon, General Counsel and Vice President of Business Development at Co3 Systems. "The tense and uncertain time following a breach is exacerbated by looming response deadlines and potential fines. Our software paired with the invaluable expertise of firms like the Ashcroft Law Firm yields a powerful, complete solution for customers."
About Co3 Systems
Headquartered in Cambridge, MA, Co3 Systems is an innovator in Data Loss Management solutions. The company's SaaS-based offering enables organizations of all sizes to efficiently prepare for, and rapidly manage data loss events. Companies using Co3 demonstrably minimize the costs resulting from data loss incidents. With funding from Fairhaven Capital, the company's executive team and advisors comprise of security expertise from world-leading security, software and service organizations. On the web at www.co3sys.com.