Today, we're going to talk about legal services and cybersecurity. When it comes to law firms and cybersecurity, we see all roads lead to Rome. What do I mean by that? Well, effectively, law firms work with all sorts of various industries. Whether they're in financial services, healthcare, biopharma, mining, or even transportation, all of these organizations come to them as a central hub of our entire economy.
Law firms are a primary target of cyber criminals. Often, law firms fall into the fallacy believing that they aren't a target, but that can't be farther from the truth. Cyber criminals are targeting law firms, and that's why clients are becoming more demanding when it comes to cybersecurity due diligence stringent practices in place and making sure that your law firm has to adequately protect their data. In essence, your clients are the new regulators.
When it comes to cybersecurity, you should start by understanding what your legal obligations are. Also understand what regulatory pressures your clients are under. Ultimately, if they are governed by the SEC or HIPAA, so too are you if you manage their data. Conduct the risk assessment. Understand what assets you have in house. Who would want to steal them and how do they go about getting access to them.
Put your cybersecurity policies and procedures in place to adequately protect that data from those threat actors. Train your employees. In today's cybersecurity threat landscape, every employee has fiduciary care responsibility to protect your clients' data. Don't forget about your third party vendors. They are an extension of your network; they represent a risk. Make sure that you hold them to the same stringent protocols that you hold yourself to.