Law firms falling short on cybercrime |
Cybercriminals are increasingly targeting law firms due to the vast amounts of sensitive client information they hold. According to the Law Firm Benchmarking 2024 report by Crowe, 97% of firms view cybercrime and fraud resilience as a high priority. However, only 32% provide regular training for their staff. Tim Robinson, a partner at Crowe, said: "Clients rely on law firms to protect their data and confidentiality. A cyber-attack can quickly undermine this trust." The average cost of a data breach in 2024 reached nearly£3.7m, highlighting the financial risks involved. Despite the growing threat, many firms lack adequate cybersecurity measures, with 60% citing insufficient awareness at the board level as a major concern. The legal sector was named the worst-performing industry for data breaches last year after Hayes Connor analysed data from the Information Commissioner's Office. In 2020, the Solicitors Regulation Authority found that 20% of law firms it visited had never provided specific cybersecurity training. Dan Schiappa, CPO at cybersecurity firm Arctic Wolf, said law firms must ensure IT teams monitor for potential vulnerabilities, detect threats, and respond to malicious activity. |
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