The annual audit myth: Why law firms cannot treat cyber security as a tick box exercise

With cyber criminals deploying increasingly sophisticated methods of attack organizations must go the extra mile to protect their data and avoid costly financial and reputational damage. With new threats emerging each day, these risks cannot be taken lightly. This is particularly true for corporate legal teams and law firms who are prime targets for cyber attackers given the amount of sensitive client information that they hold. According to IBM’s Cost of a Data Breach 2022, the average consolidated total cost of a data breach in the UK is £3.36 million, up from £2.37 million in 2015. Given the financial and reputational damage… [Continue Reading]