75% Of Law Firms Have Had Their Passwords Compromised
Law firms are failing in their efforts to tackle the rising risk of cyber crime. Even with £millions continuing to be fraudulently redirected, with the associated reputational impact and knock on effect on professional indemnity insurance premiums, most law firms have not implemented even the most basic cyber security measures.
The research has been undertaken by a leading provider of risk management tools to the legal sector, Lawyer Checker.
In a series of articles we’ll review how firms are failing to implement simple cyber strategies that will protect their business, protect client funds, and communicate a cyber journey to PI insurers.
In our first three articles we considered the low take up amongst law firms of cyber security products Cyber Essentials, DMARC, Account & Entity Screen and Consumer Bank Account Checker.
In our fourth article we look at how firms should be implementing a culture of cyber awareness.Recent research conducted by leading cyber risk specialist Lawyer Checker identified that 75% of law firms have had their passwords compromised and have been available to purchase on the dark web.
81% of company data breaches are due to poor passwords often due the fact that employees use their work passwords for several other uses.
Equally, weak passwords make it easier for hackers to breach law firms, even using social media to research possible passwords.
Encouraging the proper adoption of password policies is imperative. Password compromise can be disastrous. The dark web is a huge marketplace for stolen data and personal information. After a data breach or hacking incident, personal information is often bought and sold by identity thieves.
Lawyer Checker offer weekly and monthly Dark Web Monitoring services which monitors your identity information on the dark web and notifies you if your information is found online.
Dark Web Monitoring provides additional protection for law firms, another step in ensuring information security in the business.
Start your cyber journey with Lawyer Checker today. Dark Web Monitoring is one of a number of cyber services provided by Lawyer Checker, including penetration testing, phishing test, email spoofing to help you understand the vulnerabilities in your law firm’s cyber infrastructure.
Speak to us today about our cyber packages, please contact Lawyer Checker on 0800 133 7127.
This article was submitted to be published by Lawyer Checker as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.