With the proliferation of cyber attacks in 2016 and 2017, it is imperative for organisations to keep systems and data safe, and no industry is exempt from this rule. Law firms are the same as any other company when it comes to countering cyber attacks and protecting their most important data. All organisations must have a security program that comports with internationally accepted best practices and standards, irrespective of whether they operate in research and development, conduct and process financial transactions, or practise law.
Take the case of the Panama Papers for example. The Panamanian law firm Mossack Fonseca was hacked in 2016. The incident resulted in the leakage of 2,600GB of data, most of which was attorney-client privileged information and documents dealing with offshore businesses.
According to a study conducted by ALM Legal Intelligence 45% of legal firms do not have a cybersecurity plan even though 98% of law firm respondents believe that the legal industry is increasingly a target for cyber attacks. Moreover, the study shows that most respondents view cybersecurity as an IT issue vs. a business issue, which is alarming.