Why Cybersecurity is Essential for Law Firms?
The American Bar Association reported that in 2023, 29% of law firms experienced a security breach, and 25% of law firms experienced a data breach(1).
Law firms need to collect and manage highly sensitive data. A firm’s reputation and its obligation to clients hinge on ensuring that confidential client data such as case matter, transactional documents, and litigation strategies are never exposed to unauthorized parties. Threat-actors are aware of the sensitivity and value of law firm data and have made law firms a highly targeted sector globally. As a result, there is increasing focus on and investment in cybersecurity for law firms.
(1) As ranked in the Vault Law 100.