"The fundamental fact is cyber criminals are highly organized with sophisticated corporate structures and business chains, " said Michael Fraser, director of the Communications Law Centre at the University of Technology Sydney in Australia.

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But his grades were not good enough, so he went back to the then young Harvard Business School, gained an MBA and returned to a job with the law firm as a corporate lawyer.

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Corporate law departments are increasingly pressured by CEOs to demonstrate business-centric results, and law firms are being asked to provide greater clarity around pricing and staffing decisions.

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That being said, the law has changed little with regard to the fiduciary duties that govern the actions and business decisions of corporate executives and financial advisors.

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