Law firms are becoming increasingly dependent on technology for business operations and growth. Recent advancements in IT can help law firms accomplish more in less time, streamline their legal research, manage documents more efficiently, and optimize how their practice runs.
However, these advantages are not risk-free. The prevalence of the internet means that cyberthieves can conduct malicious activities from anywhere in the world. Law firms handle highly confidential information, which makes them vulnerable to cyberattacks.
In some cases, they may also access clients’ trust accounts, making them attractive targets for thieves. Therefore, every law firm needs an effective cybersecurity strategy. Hiring cybersecurity consultants enables law firms to benefit from the experience, knowledge, and skills of cybersecurity professionals who are well-versed in the current threat landscape.
It allows them to save time and money by outsourcing this complex job to efficient professionals. Moreover, they can demonstrate to clients and peers that they are committed to privacy and data security, enhancing their reputation.
Although consultants represent an additional expense, law firms can enjoy an excellent return on their investment by following the advice of these professionals.
Here is a look at why law firms need cybersecurity consultants.
Lawyers Have a Duty To Protect Sensitive Information
Lawyers have a duty to protect sensitive information about their clients. For example, any information that can be considered medical or psychological is subject to the Health Insurance Portability and Accountability Act (HIPAA). All record holders, including law firms, must always protect this information.
Law firms often obtain medical records for investigations and cases. For example, medical records may be used in litigation related to vehicle accidents. Lawyers may also request psychological records when, for example, a client pleads insanity as a defense.
They may even be representing individuals in cases where they are alleging a care provider violated HIPAA regulations. Cybersecurity consultants can advise law firms on the best way to address HIPAA-related risks.
They can conduct risk analysis to expose vulnerabilities, create a management plan for the identified risks, and ensure all employees are updated on the latest regulations and best practices.
Cyberattacks Are Becoming More Prevalent
While cyberattacks have always been a concern for businesses that rely on technology, they have become more frequent and sophisticated in recent years. Advancements in technology, such as machine learning and artificial intelligence, mean that cybercriminals are finding new ways to target vulnerabilities in security systems every day.
The only way to avoid becoming a victim is by always staying one step ahead of cybercriminals. Many law firms are still only doing the bare minimum when avoiding attacks, such as using firewalls and antivirus software.
The current threat landscape is extremely complex, and law firms need experts who remain current on the latest techniques employed by cybercriminals. Cybersecurity consultants can offer valuable advice on the best approach to protecting sensitive data and minimizing risk.
They Are Vulnerable To Ransomware Attacks
One significant risk all law firms face is ransomware. These breaches can be financially devastating and cause irreparable harm to a law firm’s reputation.
In 2020, the law firm Grubman Shire Meiselas & Sacks was targeted by cybercriminal ransomware operators, who demanded a ransom of $42 million in exchange for not publishing information they obtained about clients in the attack.
This type of attack is relatively common, and law firms that are victimized will have to choose between paying millions of dollars or allowing criminals to publish their clients’ sensitive information.
Data Breaches Can Be Devastating
Law firms may be targets of data breaches, with the stolen information used for various malicious activities, from identity theft to corporate espionage. The fallout of even a minor data breach can be devastating. In addition to the financial repercussions, law firms that are victims of data breaches may face legal action and fines, and their reputations will take a major hit.
This means that firms of all sizes and practice areas must implement cutting-edge protection against data breaches. Cybersecurity consultants can help law firms develop a robust cybersecurity strategy that protects against data breaches and other vulnerabilities.
Schedule a Consultation With The Cybersecurity Professionals
Cybersecurity consultants help law firms protect confidential information, remain legally compliant, and maintain the trust of their clients and their reputations. Taking a proactive approach to cybersecurity can help you avoid financial losses and enjoy a competitive advantage.
Cybersecurity consultants can provide valuable advice on an effective path forward. Contact the cybersecurity experts at Advantage Tech to schedule a consultation and learn more about our services.