Cyber crime is on the rise. According to The Washington Post, global businesses now lose approximately $1 trillion per year due to cyber attacks. As frustrating as this can be for business owners, there is some good news: There are proactive steps that you take to protect your company from cyber threats. At Rize Technologies, we offer a holistic suite of cybersecurity services to law firms. Here, you will find an introduction to the importance of cybersecurity for business owners.
Cyber Threats are Rising, but Many Businesses Lack the Proper Cybersecurity Solutions
In many ways, modern technology makes running a business easier. However, if the proper security procedures are not put in place, that same technology can make a company more vulnerable to cyber threats. Cyber criminals put a lot of time, resources, and effort into finding and taking advantage of vulnerabilities. Small and mid-sized companies—including law firms—are often targets. The Small Business Administration (SBA) reports that 90% of small business owners are worried about cyber criminals. Yet, approximately half of small businesses report that they are not allocating any of the budget towards cybersecurity protection.
Law Firms Face Some Unique Cybersecurity Challenges
For a number of different reasons, law firms small and large face some unique cybersecurity challenges. While virtually all businesses have sensitive information that they need to keep secure, law firms also have an additional obligation to protect the confidentiality of details related to the representation of a client. Key professional rules, such as the American Bar Association (ABA) model Rule 1.6 (Confidentiality of Information), put a strong duty on lawyers and law firms.
At the same time, cyber criminals often target law firms. This can happen for a number of different reasons. First, cyber attackers believe that law firms have access to valuable, sensitive information. Beyond that, there is also a belief among cybercriminals that many small and mid-sized law firms lack the proper cybersecurity protocols—meaning they are viewed as easier targets that are vulnerable to threats.
A Managed Service Provider (MSP) is the Best Solution for Law Firms
Attorneys and law firms need to focus on what they do best—practicing the law. Developing a cybersecurity system from scratch is obviously not a realistic option for law firms. This is where managed service providers (MSPs) play a critically important role. Broadly defined, an MSP is a third party that can manage your firm’s information technology (IT) infrastructure and end-user systems. As part of that process, your managed IT services provider can put the proper cybersecurity practices in place to effectively protect your law firm from threats.
We Provide Cybersecurity Support to Law Firms
At Rize Technologies, we have more than two decades of experience providing cybersecurity to law firms of all sizes. Our team is partnered with the world’s top cybersecurity firms. If you have any questions about implementing a cybersecurity system for your law firm, we can help. Contact us today to learn more about how our managed IT services, including our cybersecurity services.