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The US Securities and Exchange Commission has sued the Law Firm Covington & Burling for the details of nearly 300 clients of the firm whose informationwas accessed or stolen by hackers in an undisclosed cyber-attack. It has also been found that the Hackers were associated with the Hafnium cyber-espionage group, which is said to have alleged ties with China. They gained access to private information about the firm’s clients that included 298 publicly traded companies.
Covington specializes in regulatory work and litigation to feature a deep bench of lawyers with federal government experience, including the former US Attorney General Eric Holder. The Law firm told the SEC that, it is bound by the attorney-client privilege and client confidentiality to resist the portion of the subpoena requiring it to name its clients. Also, it is said that only seven of the files about affected companies contain information covering materialsof investors relating to a figure which could not be verified by the commission.
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