In today’s world, it is more important than ever for law firms to invest in cybersecurity tools. Cyberattacks are becoming more pervasive and much more sophisticated, and cybersecurity protocols that were effective a year ago won’t necessarily be effective today. Small firms are particularly vulnerable because oftentimes they don’t invest in the appropriate infrastructure and can be low-hanging fruit for thieves.
As a result, law firms must invest in cybersecurity to ensure that their data—and the data of their clients —are not unduly at risk. This is particularly important for firms that have clients in the healthcare space where data privacy is so critical. Gone are the days of buying antivirus software off the shelf. To successfully fend off cyberattacks, businesses must implement comprehensive, state-of-the-art cybersecurity tools that receive regular updates on the latest threats.
The Latest Statistics on Cybersecurity Threats
If you’ve never experienced a cyberattack, it can be hard to grasp the scope of the issue. But today, cyberattacks are an everyday risk for all types of businesses—just like contract disputes and injury claims. Over a long enough period of time, these become almost inevitable. Consider these statistics from Forbes Advisor:- Ninety-four percent of organizations have reported cybersecurity attacks (either attempted or successful) via email.
- Successful cyberattacks via email accounted for $2.7 billion in business losses in 2022.
- We have seen a 72 percent increase in data breaches since 2021.
- The average data breach costs $4.45 million.
- Data security is one of the fastest-growing industry sectors, projected to grow 32 percent between 2022 and 2032.