Law firms hold vast amounts of confidential and sensitive data, making them an attractive target for cybercriminals. In recent years, the legal industry has seen a rise in cyber-attacks, emphasising the need for law firms to prioritise cybersecurity. In this blog, we will discuss the importance of cybersecurity for law firms, the risks of cyber-attacks, and how MSPs can help law firms mitigate these risks.
Common cyber threats facing law firms
Law firms have access to a wealth of valuable information, which is why they’ve become a prime target for cybercriminals. They face various cyber threats, including phishing attacks, ransomware, and insider threats. Cybercriminals often use social engineering tactics to trick employees into divulging sensitive information or downloading malware, which can result in the compromise of confidential client data, financial loss, and reputational damage.
Furthermore, the swift transition to hybrid working models has also necessitated a significant increase in the speed of technology adoption and agile IT environments. Consequentially, organisations also now have wider attack surfaces, making cybersecurity more important than ever.
60% of legal firms feel that they are at a greater risk of cyberattacks due to hybrid working (Advanced Legal Trends Survey 2022)
Consequences of a cyber attack
The consequences of a cyber attack on a law firm can be severe, both financially and reputationally. Data breaches can result in significant financial loss and legal liability, and the damage to a law firm's reputation can be irreparable. Cyber-attacks can also impact a law firm's clients, putting their confidential information at risk.
Mitigating the risk of attack
Organisations are increasingly working with Managed Service Providers (MSPs) for their cybersecurity needs, as managing this internally can be a complex and time-consuming task.
Working with an MSP for enhanced security measures can offer a range of benefits for businesses and IT managers. For one, MSPs can provide access to advanced technology and expertise that may be too expensive or complex for businesses to implement on their own. MSPs can also save businesses time and resources by managing security tasks, allowing IT managers to focus on other priorities.
MSPs can help law firms improve their cybersecurity posture by conducting security assessments, implementing security protocols, and providing employee training. MSPs can also help law firms monitor their network for suspicious activity, implement security measures to protect against cyber threats, and ensure that all software is up-to-date and patched so you don't have to worry.
Advanced's Cyber Security Services can lift your capacity burden and provide stronger security at greater value. We do this with our proactive threat intelligence, dedicated teams of experienced security professionals and our ‘Everything’s Covered’ approach to keeping your people and data safe. We can give you that piece of mind that your environment is secure, whilst reducing the risk of a breach which can cause unrecoverable reputational and financial damage.
Best practices for law firms to protect against cyber attacks
In addition to partnering with an MSP, there are several best practices that law firms can implement to protect against cyber-attacks. These include using strong passwords, enabling multi-factor authentication, and backing up data regularly. Law firms should also ensure that all employees are trained in cybersecurity best practices and that all software is up-to-date and patched regularly.
Cyber-attacks on law firms are becoming increasingly common and can have severe consequences. MSPs can play a crucial role in helping law firms mitigate these risks by providing expert cybersecurity support. It is essential for law firms to take proactive steps to protect against cyber-attacks, including implementing best practices and considering working with an MSP for round-the-clock protection.
Advanced IT Services stand ready to help your firm on the journey to a stronger future. Our strategists can help you assess and overcome your challenges, using our considerable expertise in technology and the legal sector. Click here to learn about our IT Services for legal, or contact us today to discuss your current challenges.
“We now save huge amounts of time, boosting productivity and profitability on each case.” Charlotte Corbyn, Taylor Rose Solicitors
At Advanced, we understand that every industry faces unique challenges and requires tailored IT services to meet specific needs. With extensive cross-sector experience, Advanced are able to support, design, implement and manage your IT environment and empower your organisation. Learn more about our IT Services for Legal.