All firms are vulnerable to loss, damage or destruction of important data by theft, malicious intent or accident. We have a responsibility to safeguard the information we use, but not all of us know the best approach to do so.
In his article ‘Target Practises’, published in this months’ Legal Support Networks Briefing magazine, Intercity’s James Allen offers his insights to combating cyber risks, the kinds of common data breaches that occur and the consequences businesses face in light of these such breaches and attacks. Click here to read to full article now.
Data Protection
Regulatory controls and legal frameworks for data protection are nothing new and have been in place in the UK for more than 30 years. These include the Data Protection Act and the EU General Data Protection Regulation. Data breaches can lead to serious penalties – in the case of the EU General Data Protection Regulation proposals for fines up to 20m.
What are the most common data breaches?
IT Governance in 2014 identified the most common data breaches, as follows:
- Data being inappropriately disclosed or sent to the wrong person (32%)
- Physical loss or theft (24%)
- Cyber-attacks (20%)
Cyber-attacks are the costliest type of breach financially accounting for 31% of all financial penalties. Cyber attacks cannot be ignored - the number of attacks continue to rise. All types of organisation are vulnerable but one reason law firms are a key targets is because they are seen as an easy route into corporate clients' information.
Time to change the way you work
With the sophistication and number of cyber attacks increasing, the stakes for businesses are ever higher; huge fines, the threat of prison sentences, reputational damage, loss of customers, it’s paramount that businesses take all steps possible to protect company assets and consider the the. Solutions are available to protect your business from such attacks, such as Checkpoint, offering three layers of security - enforcement, control and management layer. Find out more here. In this case the saying prevention is better than cure really does ring true.
To find out how we are helping law firms change the way they work click here
