Law firms need to tighten up their email security and revisit their cybercrime prevention strategies as there has been a significant increase in the number of attacks against law firms.
In particular, there has been a significant increase in the number of Ransomware attacks. There are over 120 separate families of ransomware and researchers have seen a 3,500% increase in the criminal use of net infrastructure used to run ransomware campaigns.
Other scams include phishing emails sent to members of the public in the name of particular firms or individuals at firms, attempting to obtain bank account details or money. There have also been warnings issued about a specific email scam targeting conveyancing firms, which invites the reader to click on links that are suspected to contain hostile and intrusive software, including viruses and other malicious programmes. The most popular virus for cyber criminals is the Crypto Locker virus. It effectively removes files from systems, demanding payment for their return usually in Bitcoin payment which can’t be traced back to the hacker.
As a matter of urgency, law firms should be reviewing their cybercrime prevention strategies and email security. Firms could be subject to reputational issues if clients and/or client information is affected as a result of cybercrime. They could also face reprimand by the SRA and the Information Commissioner’s Office (ICO) with potential costs if they breach the SRA’s strict Code of Conduct or the ICO’s data protection rules.
To manage cybercrime risks, CTS Technology Specialists advises law firms to:
For advice on how you can protect your firm, please contact us. As a legal specialist we are happy to discuss the best approach for your firm. Contact us: firstname.lastname@example.org