The legal sector is at significant risk of cybercrime, cyber attacks and scams, partly because of the sensitive data and significant monies held by law firms.
62 per cent of law firms reported a cyber attack in 2015, a 17 per cent increase on the previous year. Four per cent of all data security incidents reported in 2015/16 related to solicitors and barristers.
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On Saturday 22 May 2010 in Jacksonville, Florida, Laszlo Hanyecz made a revolutionary transaction: he bought two Domino's pizzas for the equivalent of $41. This was the first ever purchase made using the digital currency Bitcoin.
In my last blog, I wrote about a train journey and the complacency shown by two commercial property solicitors chatting about their client in full earshot of everyone who might want to listen. The response was great, but the concerning message was that, as a sector, we are far too complacent about cybercrime. Unless we do something about it, and do it now, we will all continue to fall victim. It's just a matter of time.
Cloud computing is increasingly ubiquitous, even in law firms, despite the view that the legal profession has a reputation for being slow to adapt. It is particularly popular among small firms and sole practitioners.
Under the EU’s General Data Protection Regulation (GDPR), aggrieved data subjects can sue firms for failing to secure their personal data properly. New statistics from the Information Commissioner’s Office (ICO) showed that there was a 173% increase in data security incidents in the legal sector in Q4 2017 compared with the previous quarter.
One day in February, Graham Murphy found himself on a train next to two solicitors. As they opened their laptops and began to talk about the details of a £100m transaction, he pricked up his ears and began to think about what a fraudster or cybercriminal might make of all this. And then they went to the buffet…
UPDATED 10 May 2017 Following great discussion on social media, it is probably helpful to highlight that the risk from using cloud storage systems is in particular from using the free online versions which the original post refers to. Read Peter's update about Dropbox, regulatory compliance and how a law firm was penalised by the ICO for having used a cloud storage system designed for private users for business purposes
The Panama Papers leak exposed the most common weakest link in law firms' cybersecurity: its people. Mark Leiser looks at what firms can learn from the scandal.
Stuart Poole-Robb discusses a new threat to law firms' IT systems and provides some top tips to prevent attacks from occurring.
Personal information is the most valuable commodity on the globe, argues Nick Podd. Here he considers the issues around cybersecurity and outlines how law firms can take responsibility for the security of their clients' data.
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