Law firms are notoriously slow to embrace new technology, but in today’s digital age, implementing new technology is critical in avoiding cyber attacks and protecting your firm from costly breaches. Law firms are often targets of cyber attacks due to the plethora of sensitive information to which they have access. When highly-confidential information such as client materials and financial data is compromised, so is a firm’s reputation and bottom line.
Unfortunately, the ability to protect law firms from cyberattacks has grown increasingly difficult. According to the cybersecurity firm Mandiant, “At least 80 of the 100 biggest firms in the country, by revenue, have been hacked since 2011.” This statistic is likely to grow as ransomware continues to sophisticate and expand. However, there are several strategies law firms can implement to mitigate security risks:
Cybersecurity is no longer just an IT issue. Cybersecurity is relevant to every aspect of a business – especially law firms. According to the American Bar Association Journal (ABA), “91 percent of cyberattacks begin because of an employee.” Therefore, all personnel should be regularly trained on these strategies to mitigate risks in order to protect their clients, their reputation and their bottom line.