Hildebrandt: Law Firms Must Consider Cyber Sector Risks
In its 2018 Client Advisory, Hildebrandt Consulting LLC, shared insights and trends we've come to expect from this leading monitor of the legal market. For example, the report says that while revenues grew in the legal market, that was due in part to increased fees in the face of declining demand. It's important to consider . . . the sectors in which the firm does business." The Advisory also discussed cybersecurity, something firms must pay attention to since they are a sweet, sweet target for hackers and for good reason when you consider all the intellectual property, deal documents, evidence, and other juicy info that rests on law firm servers. The report said firms need to determine their own "unique risk profile." They say it's important for firms to know who has access to sensitive data, whether employees use mobile devices for work, who is in charge of IT security and the business sectors in which the firm advises clients. "Understanding the unique risks of the firm is crucial to tailoring an effective security plan." Hildebrandt encourages firms to "master the fundamentals" of cybersecurity. "Hackers often take the path of least resistance when it comes to targeting law firms. While many firms may not have the resources to implement state-of-the-art security, most firms can implement some fundamental security measures that will deter [...]