Data protection is a major concern for all businesses because the impact of losing client data can be very costly. However, protecting client data properly is especially important for law firms, who need advanced IT support because of the highly sensitive nature of the information that they store.
The documents and information relating to clients may hold very personal information that they do not want others to know about, which means that it could be used as leverage against them. In some cases, you may also be involved in sensitive business dealings that need to be kept confidential. Without comprehensive data protections in place, law firms face losing customer trust and business in general.
Data Protection Is Now a Top Priority
It’s clear that data protection has risen to the top of the list of priorities for law firms, and it’s no wonder why. Over 60% of law firms reported a cyber breach in 2018, and that number has been climbing ever since. The top cybersecurity experts claim that law firms are one of the biggest targets for online attacks due to the nature of the client information that they hold. Even small firms are at risk, and if you don’t take steps to protect yourself by working with a provider who offers IT support for law firms, the results could be catastrophic.
The Impacts of Lacking Data Protection
Loss of trust is one of the biggest issues that law firms who have experienced a data breach face. Because you store highly private data of clients (including not only addresses and phone numbers but also credit card information, social security numbers, and more), a data breach within your law firm can result in a huge loss of client trust and business. Data breaches tend to be very public as well, which means that you will struggle to find new clients in the future. In some cases, lacking data protection within your law firm could put you out of business.
As well as the indirect costs that come from the damage that is done to your reputation, you have to consider the direct costs as well. It is estimated that the cost of a data breach for law firms is at an all-time high of about $7 million, which is detrimental to big firms and potentially bankrupting for smaller firms.
In 2017, for example, the law firm DLA Piper was hit with a major cyber attack. It left the entire company unable to use their phones or email for three full days before the breach could be contained. They also lost access to archived emails, which caused legal issues. Not having sufficient data protection spells disaster for modern law firms, which is why it has become critical to invest in high-level data protection to avoid legal complications, fees, and loss of customer trust.
How Your Firm Can Keep Data Safe
If you take the right precautions, you can protect your business data. Often the biggest problem that businesses make is thinking that buying security software is enough to protect them. But hackers’ advancing methods to infiltrate your systems means that law firms need a much more robust cybersecurity defense to protect their data.
One option that several modern law firms are turning to is outsourcing their cybersecurity to a Managed Service Provider (MSP) who can offer specialized IT support for law firms. An MSP offers your firm a team of professionals who can implement a comprehensive security package, monitor your systems 24/7 for vulnerabilities, and take a proactive approach to boosting security instead of waiting for a breach to occur and then fixing vulnerabilities afterwards.
Some of the other IT support for law firms we offer at Integrated Solutions include:
- Remote backups of data to ensure it is stored and protected in the event of an outage or disaster
- Specialized hardware and software procurement for law firms as well as regular upgrades
- Spyware solutions and SPAM/virus filtering
Cybersecurity should be a top priority for law firms, but it can be difficult to ascertain the level of network security you need to defend against advanced attacks without partnering with an expert. Make sure you can keep your data safe from hackers by working with our experts at Integrated Solutions to get IT support for your law firm.