The legal sector is at significant and growing risk of cybercrime, cyber attacks and scams, partly because of the sensitive data and significant monies held by law firms.
The SRA reported that in 2016/17, over £11m of client money was stolen due to cybercrime. In 2017/18, 60% of law firms reported an information security incident - almost a 20% increase from the previous 12 months.
These pages bring together guidance and support from the Law Society and external organisations to help firms understand and mitigate cybersecurity threats.
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Neil Ford explains how small firms can make themselves safer without breaking the bank and taking up valuable working hours.
Cybersecurity training delivered via our online webinars, courses, publications and events
Take a proactive approach to managing cybersecurity threats through Law Society advice and guidance provided via practice notes, policies and toolkits
Friday afternoon fraud, the practice by which law firms are tricked into giving bank details to fraudsters, usually as conveyancing transactions are being completed, is now the biggest cybercrime afflicting the legal sector.
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.
Robust information security practices are critical to the legal sector. Neil Ford explains how gaining ISO 27001 certification - the international standard for information security management - can improve business efficiency and support compliance.
A guide for solicitors on potential fraud in land transactions and registration of title.
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.
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Learn in this one hour webinar more about data transfer, adequacy decisions, EU/US Privacy Shield