What Makes Cybercrime the True Risk to Law Firms?

The American Bar Association stated that one out of every four law firms becomes a victim of a data breach. Why is this? Chances are, it’s due to the lack of cybersecurity awareness, resources, and technologies in place within the legal realm. Unfortunately, law firms tend to have an inadequate level of security measures in place to protect the sensitive data they’re storing and sharing with courthouses, notaries, and clients. More often than not, most communication within law firms is done via email, including sending and receiving particularly confidential and sensitive data.

If Sensitive Information Isn’t Properly Safeguarded Against Unauthorized Access, Cybercriminals May Steal and Sell This Information to Third-Parties.

Cybercrime is a massive business, and unfortunately, it’s quite a lucrative one. Hackers can steal and sell sensitive information for quite a bit of money on the dark web, especially sensitive information relating to insider secrets or business deals and mergers. Nowadays, law firms are using a range of innovative technologies to provide a more personalized experience for their clients, such as:

  • E-discovery tools
  • Portable scanners
  • File storage solutions
  • Case management software
  • Electronic document signing tool
  • And much, much more

All of these innovative technologies introduce new entry points into the network. And even law firms that aren’t embracing digitization are still using email to send and receive information – making them just as vulnerable as law firms that are on the forefront of technology.

Law Firms Must Consider Not Only the Financial Impact of a Cyber-Attack, But Also the Reputational Damage…

In many cases, the reputational damage resulting from a cyber-attack is irreversible. Clients trust you to store and take care of their sensitive information, especially when it’s relating to their finances. You are more than likely storing the following:

  • First and last names
  • Credit card information
  • Banking information
  • Social insurance numbers
  • And much more

If any of this information falls into the wrong hands, clients will almost certainly leave and bring their business elsewhere. So how can you stay safe?

  1. Remember that cybersecurity is everyone’s responsibility: You can’t trust your employees to detect and respond to threats, such as phishing emails, appropriately if they’re not taught or trained. You need a technology partner that’s able to provide comprehensive cybersecurity training on a regular basis to keep your team up-to-date.
  2. Implement a sophisticated email security solution: As mentioned above, email is the primary method of communication for law firms, which means you need a sophisticated email security solution that uses threat intelligence to detect real-time fraud and/or threats before they get to your inboxes.
  3. Deploy a multi-layered approach to endpoint protection: All endpoints into the network should be protected with advanced cybersecurity solutions, including anti-virus software, intrusion detection software, a mobile device management solution, and more to keep sensitive information safe against unauthorized access.
  4. Enforce the right cybersecurity policies throughout the firm: Make sure you’re creating and enforcing appropriate cybersecurity policies that relate to mobile device usage, password creation, and other areas to ensure your team is following proper processes and procedures in regards to sensitive information.

Need a Leading North Carolina Legal IT Services Company to Help You Safeguard Sensitive Data? Call HitsTech at (828) 695-9440 Now.

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