Cybercrime is impacting legal practices globally and locally and presents challenges to how law firms protect their data and client information.
PWC Annual Law Firm report 2019 found: 76% of Top 100 firms said they were “somewhat concerned” or “extremely concerned” about cybersecurity. The second greatest threat for growth behind Brexit.
What type of cyber-attacks are law firms facing?
According to the National Cyber Security Centre’s (NCSC) 2018 report ‘The cyber threat to UK legal sector’, the most significant cyber threats that law firms face are
Why Law firms are a prime target?
There are two main reasons why law firms are targeted for cybercrime;
Data and money are considered to be of high value to cyber criminals so it is no surprise that legal profession is a prime target with law firms falling victim to scams, client money theft, fraudulent activity and unauthorised access to client information which can lead to loss of clients, reputational damage, financial instability and damage to IT infrastructure.
How to minimise the threat of cyber exposure in your law firm
The following advice is from the National Cyber Security Centre and is aimed at protecting businesses and law firms from the most common cyber-attacks.
What to do if you have a cyber attack
The following advice is from the National Cyber Security Centre and is aimed at resolving and recovering from a cyber incident.
How can you resolve the issue as quickly as possible to avoid any significant disruption to your business and the service you are providing to clients?
The first step in dealing effectively with an incident involves identifying it. The following may indicate a cyber incident:
After the incident, it's important to review what has happened, learn from any mistakes and take action to reduce the likelihood of it happening again.
Law firms will increasingly need to be secure, and be able to assure clients that they are so. This can involve a huge amount of effort, however, given the risks, including reputational damage, law firms of any size need to fully participate in a crisis management exercise at least once each year.
For more information on any of the areas covered above, check out the National Cyber Security Centre Website
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