Internet, which was developed as a privilege to help us grow has so well secured the position of being the necessity. The virtual world has become a reality and a much acceptable form. Not being able to use the World Wide Web for competitive advantage, is in itself a disadvantage.
When everything becomes so easily accessible, so is the confidential data and information which another way should have been protected. When a client shares any confidential information with the lawyer, whose obligation is to keep it the same? We know the answer, but what are you as a lawyer and receiver of the data doing for it? Are the lawyers doing enough to protect the data?
The budding concern of cybersecurity
A law firm collects and processes a large amount of data, which cannot be released in public. Any unauthorized access to data is illegal and liable to be punished. There are various ways in which these data protection can be breached like theft, forgery, infecting system with malware, etc. So cybersecurity measures are those ways by which the data is protected from being accessed by unauthorized persons.
No matter how big or small your law firm is, or even if an individual practitioner, the concern is growing for everyone. Being vested with such information, protection becomes crucial. When the world is going digital, and a larger amount of data being stored online, the issue of cybersecurity should not be neglected. The reports of numerous data breach of law firms are quiet in the newspaper. Law firms acting as custodians of such sensitive data are constantly facing this threat. Password-protecting the devices is a mere solution to this threat.
How important it is to be at par
Law firms should always be prepared to respond to the inevitable cyber incidents. The preparation can only be complete, and if the risk mitigation techniques are planned, data is protected, etc. the Law firm and lawyers are often reluctant to spend on these measures, because of their firm belief, that they are safe and it will not happen with them. The assets, as well as the reputation of the law firm, shall be protected with cybersecurity measures. The money invested in these tech-trends should not be wasted, so invest wisely.
- Safeguard the data as well as maintain the standard
The importance of this was highlighted in the 2018 survey of the American bar association. That it is professionally very important to maintain the standard data practice to get a competitive edge and also be legally compliant as per the scenario ongoing. At the same time, when vested with the crucial data, safeguarding it also is the obligation of the law firm and in its breach can face serious repercussions.
- Securing data through the cloud
The most important and primary step taken by law firms these days is securing the data through the cloud. Premise based software was increased changed to cloud-based software, and the primary reason for such a shift was to ensure increased security of the data. This provides security as well as easy access to the data.
- Security assessment
One of the latest developing trends is to hire outside experts to conduct assessments on the security features and then if non-compliant, to adapt to the latest trends. These independent third party hired for conducting the assessment, check upon the existing security system, find the lacunae’s, and suggest the measure for correction.
- Continuous monitoring
Continuous monitoring is a technique that can never grow old, no matter what the problem is. So this age-old technique can be adopted here by developing a policy by which the data flows in the firm, who has the authority, what is the duty, the liability of the officers and the precaution to be taken from time to time.
Strict access points and authentication measures have also helped a lot to curb the breach of data. Encryption is a very strong security measure that prevents access from any third party. National security and encryption are of primary importance, which was highlighted in the battle between Apple and the FBI. Encryption of data, communication, and all information, is a very important measure.
- Data tracking software
Data tracking software helps the firm understand how and where the data is being used. This is a tool used very less, less than 10 per cent. And cannot be adapted as the only security measure. It can be complimentary with authentication and encryption.
- Chief Information Security officer
This trend is for the firms which are bigger in size, spreads overseas and have many branches. The hiring of this officer minimizes the risk, mitigates the risk, and also fight for in case of any breach. The entire system to be coordinated, this security officer shall be responsible.
- Cyber insurance:
With data breach and cyber threat continuing to top the headlines, the need for cyber insurance is also developed. Cyber insurance shall be a part of the risk assessment process. Many policies do not cover in its data breaches, so choose wisely for yourself.
The trends keep on changing as new methods of a breach are being developed faster, and the identification of protection measures is slower. There is always scope for improvement and yo can do better. Cybersecurity Ventures predicts cybercrime will contThe trends keep on changing as new methods of a breach are being developed faster, and the identification of protection measures is slower. inue rising and cost businesses globally more than $6 trillion annually by 2021. So as per the old saying, prevention is always better. So adapt the technologies and be updated with the latest trends. Constant and continuous review, updating, and risk-based approach should always be appropriate.