The problems arise when data breaches occur.
A recent CNA Professional Counsel bulletin estimates that about 80 percent of the largest firms in the United States have had a data breach of some type. In 2016, Logicforce discovered that almost 10,000 attempts were made to breach the data networks of 200 law firms across the US.
Law Firms Are Now the Target of Hackers Worldwide
Cyber thieves are now targeting heads of law firms, including CEOs with phishing emails that seem legitimate. When the CEO opens the email, a ransomware virus is downloaded and the results are usually pretty grim. Cyber criminals can hold your data hostage until you pay the ransom (usually in cryptocurrency so it cannot be traced).
This has led to more and more clients asking for an audit of the law firm’s security systems. In fact, 48 percent of law firms have been audited by corporate clients just this past year. Corporate clients normally have quite a bit at stake if your law firm is the victim of a data breach. They are rightfully nervous about the state of your firm’s internet security.
As we move into the future, many experts believe that these audits will become a regular prerequisite to doing business. IT security and data management audits reveal the truth about your law firm’s network security. Is it lax and easy to break into? Or do you have the best security money can buy?
Though technology has given us all the ability to be more productive and efficient, it does come with some drawbacks and cyber security is one of them.
Your law business needs advanced technology including the Cloud in order to compete. The Cloud lets your attorneys and office staff work from any device or location. Documents can be shared, viewed and edited in real time. This type of convenience and flexibility gives you the edge over your competition. Plus, you can increase your billable hours significantly.
At the same time, this technology is like a Pandora’s Box. Once opened, it can never be closed again. And although some very beneficial surprises may come out of the box, there are also some real hazards to watch out for.