Despite firms’ best efforts to warn their clients of the threat posed by fraudsters, education and policies aren’t fool proof and client’s personal email accounts are often vulnerable to interception. Unfortunately, reports of client funds being redirected have hit the headlines again.
As the number of cyber attacks increases, firms are increasingly at risk of a breach. Law firms hold a mass of valuable client data and funds, all of which make them a very attractive target for criminals. And it isn’t just cyber-crime that can result in data being lost or compromised. There’s the risk of physical damage to servers, lost equipment that’s not adequately protected and we’ve even heard of a situation where a junior member of staff deleted the case management server.
There are lessons to be learnt for law firms following the sorry tales of the MumsNet and Ashley Madison hacks, explains Andrew Taylor, Technical Director at Converge TS
Of the many fads and three letter acronyms scattering the annals of the technology odyssey, two have emerged as key components on any CIO’s top 10 list of strategic positions, namely: big data and cybercrime.