5 Things Your Managing Partners Trust You Know About Cybersecurity
Cybersecurity threats are not to be taken lightly. What can your law firm do to keep from becoming the next frightening headline?
Cybersecurity threats are not to be taken lightly. They come with real financial losses and damaged reputations in the marketplace. According to Juniper Research, cybercrime will cost businesses $2.1 trillion globally by 2019, an almost fourfold increase in the estimated cost of data breaches just two years ago. And, as more companies connect with their legal service providers, banking firms, and vendors, the average price of a data breach in 2020 will likely exceed $150 million.
“The threat of cybersecurity breaches is the most significant threat this country, its businesses, and its law firms face,” said Timothy Murphy, president of Thomson Reuters Special Services, adding that hostile cybercriminals are becoming more sophisticated as companies and law firms are struggling to keep up.
So, what can your company’s legal department or your law firm do to keep from becoming the next frightening headline? And how best can you approach issues of data security and privacy protection in a way that will give you confidence that your data is well-protected?
Learn best practices for your company’s legal department or your law firm in the “Five Things Your Boss Trusts You Know About Cybersecurity” white paper. It discusses protecting your data — and your client’s, educating your organization’s leaders on data security, taking precautionary measures to thwart hackers, and leveraging cloud-based data storage options, among other topics.
