Research shows that most law firms are confident about their cybersecurity – but are they really as safe as they believe?
Cybersecurity and Your Law Firm
The legal sector is facing truly challenging opponents outside of the courtroom – cyber criminals.
The stakes have never been higher
These rising threats are why cybersecurity is becoming a more common topic of discussion in the legal industry. And while surveys have shown that 80% of legal organizations consider their cybersecurity to be sufficient, that may not be the case.
Why Are Law Firms Targets For Cybercriminals?
The short answer is that law firms store lots of private data about their clients. “Law firms present a tempting target for cybercrime,” says Jason Rorie, CEO of MSP Overwatch. “Their servers hold incredibly valuable personal information.”
“Cybercriminals tend to focus on targets that are rich in personal or financial data,” adds Rorie. “They gain access to the data through ransomware or a breach, then sell it on the Dark Web to other criminals who use it in a number of ways.”
Stolen private data is used for everything from voter fraud to opening credit accounts. This activity often happens months after the initial theft of the data.
How Are Legal Firms Addressing Cybersecurity?
Recently, a third of in-house counsel respondents in “The State off Cybersecurity Report: an in-house perspective” reported that they had experienced a data breach. Cybercrime is only expected to grow from here, with the occurrence rate of data breaches estimated to increase by 22.5% each year up to 2023. According to a recent study by the American Bar Association (ABA):
- 75% of firms are using some anti-virus software.
- 58% of responding firms are using a firewall or anti-phishing software.
- 33% of firms are using email encryption software.
- 25% are using device encryption software.
- 17% of law firms have some directory security in place
- 25% of firms train their staff on cybersecurity best practices
At mPowered IT, we have the experience and solutions needed to keep you safe through this year’s challenges and beyond. To learn more reach out to us at 678-389-6200 or schedule a free zero obligation consultation here.