LEGAL SERVICES

Legal Services Secure

It’s not surprising that the legal sector represents a goldmine for hackers.  Law firms don’t just handle highly sensitive IP, business critical and financial data for clients but also personally identifiable information (PII), making them a highly attractive target.

PwC’s annual Law Firm Survey 2017 found that over 60% of all law firms had reported suffering some form of security incident during the last year. The most common security incidents continue to be phishing attacks, with 12% of firms under attack on a daily basis.

Hackers are increasingly targeting the sector because of the highly sensitive data it holds, but also because law firms are typically viewed as an easier target than some other sectors.

There are significant consequences to law firms as a result of data breaches, including downtime and loss of billable hours, destruction or loss of files, and having to pay substantial consulting fees for repairing damage that resulted from the attacks — not only the technology damage, but also reputational damage. Beyond the immediate costs of liability fo a breach, law firms must consider that the reputational effects of a breach can be catastrophic in an industry that relies on trust.

These organizations are concentrated sources of intellectual property and other sensitive business information, including:

  • Client trade secrets;
  • Attorney-client privileged information involving past, current and future cases;
  • Strategies and tactics involving approaches to litigation;
  • Details on mergers and acquisitions;
  • Personally identifiable information (PII);
  • Account details and transactional information for settlements etc.

This sensitive information does not necessarily need to be disclosed as a result of a malicious attack to cause a law firm problems. A firm can just as easily lose, destroy, or unintentionally disclose information.

Challenges:

  • Online settlement platforms and online money transfers
  • High number of touchpoints on a client file
  • Highly mobile workforce
  • Legacy software systems
  • Lack of dedicated IT services

Information is vulnerable – stored and shared

Legal firms need to identify the ways in which they store data – employee’s devices, mobile phones, desktops, internal servers, external servers, and back ups. Legal firms also need to be cognizant of the way data is being shared – internally with staff collaborating on a client’s file and externally between lawyers, barristers, witnesses, referrers, etc. The future of your law firm may depend on how you can demonstrate your cyber resilience and how you can protect your client’s information.

Who is creating risk?

Cyber Criminals Secure
Competitors Secure
Employees Secure

What information is valuable?

Why is it valuable?

  • Financials
  • Mergers and Acquisitions
  • Trade Secrets
  • Litigation Plans
  • Healthcare records
  • Witness Statements
  • Patents
  • Intellectual property
  • Passwords
  • System access
  • Personal information
  • Employee records
  • Client lists
  • Competitive intelligence
  • Fraud
  • Theft

Vulnerabilities

Financial Transactions
External Hackers
Data In Transit
Employee Behaviours
3rd Party Software Providers
Communications
Employees Current Past
Data In Storage

Regardless of size, security vulnerabilities in technology can make or break a legal practice.  It is clear that the issue of cybersecurity in the Legal sector is both a very clear and present risk, but also one that needs to be tackled proactively.

Cryptoloc Technology helps organisations to secure what matters to your organisation and to provide a secure way to share information with third parties.  Providing data security solutions to help you retain customer and stakeholder trust.

Our guarantee to you

Cryptoloc® provides an exceptionally high level of security.We uniquely encrypt each and every file with our patented two-stage encryption algorithm.

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