Today, law firms store a wealth of sensitive and confidential information electronically, making them prime targets for hackers. Not only does weak data security affect business development and client retention for firms, but can result in legal and ethical violations as well.
In its latest report, The Cybersecurity Law Report answers the key questions on how law firms can best protect themselves from cybersecurity attacks, including the most prevalent threat: ransomware attacks. Rebecca Hughes Parker, managing editor of The Law Report Group, and part of the team who authored the report, chatted with Inside Counsel to discuss the key insights that came out of the report.
Nowadays, companies are looking at how law firms are protecting their data when they are selecting new firms and assessing the firms they are already using. According to Hughes Parker, strong data protection is a business development asset. Clients are handing firms data security assessments that evaluate how the firm handles cybersecurity. With the recent breaches at firms such as Cravath and Weil, said Hughes Parkers, clients are becoming more aware of the importance of this issue and assessing law firms as they would other third parties that handle their data. For the full article click here
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