We have years of experience in providing information assurance and information risk management services to all kinds of businesses. It does not matter whether you run a small start-up company or a large corporation, we will ensure your assets are protected and maintained efficiently. Our aim is to find the best form of protection for your business and provide you with the means to manage risks effectively in order to minimise financial costs and prevent damage to your reputation.
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The Solicitors Regulatory Authority has highlighted security as one of its priority risk areas. Managing the risk posed by cybercrime is a regulatory requirement. Not only are legal firms being required to comply with professional and legal standards but new legislation from the EU promises a radical tightening in data protection standards.
The Information Commissioner’s Office has fined both the CPS and Serious Fraud Office in 2015 £200,000 and £180,000 respectively for breaches and they have stated that the legal sector was the fourth worst of all sectors.
In 2014 UK Law firms were investigated 187 times by the ICO for possible breaches of the Data Protection Act where the ICO revealed that 29% of the cases were caused by unspecifed security events with a further 26% connected to some form of data disclosure.
The legal sector remains a hot target for the full spectrum of threat actors; cyber-criminals, hacktivists, state-sponsored groups. This is largely due to the wealth of sensitive data held within the industry. That includes; patent data, merger and acquisition information, protected witness information and negotiation information. The scope is vast and not limited to the above list. Legal firms are equivalent to a pot of gold for any of these groups.
There are also a rapidly growing number of scams being targeted at businesses, especially legal firms, to de-fraud them or blackmail them through ‘ransomware’ which are becoming harder to spot and prevent. Cyber security risks are a hot topic in the area of law firm compliance right now, and rightly so. A quarter of law firms have reported being the victim of a cyber attack, of which nearly one in ten result in money being stolen.
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NCSC Legal Sector guidance
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