Technologies to save information in the age of digitization: an approach for lawyers

After the events of last week with the global hacking of multiple companies, we can see the incremental need to prepare our companies for the world of digitization. Three are the main technologies that will allow action to be taken against this reality, blockchain, cloud security or cloud security and artificial intelligence (AI for the effects of this column).

In fact, tomorrow's companies, in markets such as insurance, financial services, the sale, purchase and administration of real estate, retail, among others, will have to take over the risks associated with this new era. In this way, lawyers and legal management should develop skills in the understanding of new technologies and, above all, in the protection measures associated with the administration of information and knowledge management, both strategic assets of the future.

In our experience and providing consulting services to legal management, one of the main fears lies in the storage and flow of strategic information of the organization. Indeed, many continue to maintain and estimate that the use of their own physical servers or dedicated server services is the current solution to the issue. However, we believe that the perception of security that these technologies involve is mainly associated with the lack of knowledge of the technological developments that mark the trend and that we believe will also change the course of information management by the most avant-garde legal management.

In this sense, developments such as lockchain allow for better data protection, because while this technology is usually associated with the world of bitcoin, it is actually a technological development that has various potential applications. In fact, the contribution of this technology lies in the possibility of addressing one of the most common problems of cybersecurity, which is, the centralized management of information in single or supported repositories. Thus, the protection of a unique and centralized database is inherently problematic, since even with advanced encryption techniques, there is always the possibility of access to encryption codes. On the other hand, with lockchain, any attack would mean that the one who runs it should simultaneously enter all the databases where the information is contained, and should also access the repositories in a unified way to generate changes in the data. But not only that, but I should also decipher the sequence in which the data was stored and alter your historical records to be able to modify the chain.

For its part, cloud security allows for the generation of stagnant information compartments through the use of various repositories and the outsourcing of information protection services to companies whose main objective and business is the caution of such information, which obviously brings more dedication and investment in data protection.

Finally, the growing development of AI allows and will allow, it is the machines themselves who share instant information in network and learn from the experiences of other machines affected by attacks, to quickly react and self-protect themselves. Even the use of identification criteria and the further development of biometric validation tools will reduce the possibility of attacks or, rather, reduce their effectiveness.

We therefore believe that lawyers and legal managers should not be outside these developments, since their proper understanding and application will add value to the companies they serve and contribute to the construction of sustainable competitive advantages.

ANDRES JARA

Partner - Founder ALSTER

ajara @ 18.209.34.37