Cyber threats have become more sophisticated, harder to detect, and much more expensive to recover from. According to Thomson Reuters, in 2024, the average cost of a data breach reached $4.88 million. This cost alone may sink some law firms, especially those which are under-insured.
Not all cyber incidents are data breaches, but cybersecurity protections should be implemented to protect your firm's information and confidential files. Attorneys must recognize the critical importance of maintaining current cybersecurity measures.
A data breach is a security incident where unauthorized individuals gain access to sensitive information due to lapses in security. This can be through methods like phishing, malware, or insider attacks.
Phishing attacks are more sophisticated than ever and are increasingly using AI tactics to bypass email protection filters. Business Email Compromise attacks steal user credentials and remain a significant threat.
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