Thomson Reuters, Pillsbury and FireEye have formed what they call an “industry- first” collaboration to help corporations meet new regulations and manage risk related to cybersecurity.

This alliance affords institutions expertise and resources from a holistic, multi-pronged approach to cybersecurity risk assessment and due diligence that combines legal counsel, technical assessments and legal managed services to help meet a variety of internal, external and regulatory standards, said FireEye.

Pillsbury, a leading international law firm, will help companies navigate the myriad regulations, standards and guidelines they face as well as provide them with legal counsel related to compliance and risk management.

The Thomson Reuters Legal Managed Services team will leverage its experience and efficient processes to review contracts and agreements with third-party suppliers and assist in implementing key changes to such processes or agreements advised by Pillsbury.

FireEye, an industry-leading cybersecurity company, will perform the technical risk assessments, advanced testing and response readiness to help each organization’s defense posture match the threats to their specific industry and operations.

“Cyberthreats and the regulations created to counter have grown incredibly complex,” said Brian Finch, partner and co-chairman of Pillsbury’s privacy, data and cybersecurity practice.

“With that in mind, it is essential to bring multiple perspectives and skill sets together in order to attack the problem. The recently released cybersecurity regulations from the New York State Department of Financial Services cemented our belief that no one organization can fully assist a company in protecting itself from criminal attack and regulatory obligations,” he added.