Combatting Cyber Theft

High Profile hacking attacks on telephone and broadband providers have put cyber security into the public eye with Law firms in the front line of the growing threat. Over the past year 62% of law firms say that they have suffered a security incident, according to the latest figures from PwC. Steve Wilmott, director of intelligence at the SRA revealed that cyber criminals have caused substantial losses to 50 law firms this year ranging from £50,000 to £2 million. Government figures estimate cybercrime costs £27 billion a year.

Law firms are honey pots, targeted due to the amount of sensitive client data they hold. Heydrick Bond Gunning, CEO of Salamanca Risk Management warns that it is only a matter of time before a law firm suffers from a TalkTalk scale breach. Targeted scams can originate through e-mails containing attachments or links to websites infected with malware (malicious software that disrupts the firms computer operations) or servers giving hackers access to sensitive information.

To read the full report from Raconteur click here.

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