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You are viewing ARCHIVED CONTENT released online between 1 April 2010 and 24 August 2018 or content that has been selectively archived and is no longer active. Content in this archive is NOT UPDATED, and links may not function.Extract of article by Zosha Millman
Cybersecurity should be a major priority for all firms in 2016. The problem is, not everyone is playing with big law resources.
According to the ABA, of the more than 1.3 million lawyers practicing in the U.S. today, 89 percent of them are in firms with ten people or less. And although they might not have the same cybersecurity team and assets that bigger firms do, it’s becoming increasingly vital for small firms to ensure security for their clients.
These days all businesses are at risk, because all businesses likely interact with the internet. Put simply there’s just more ways than ever for data breaches to occur. Which means that when companies do decide to hire out, they’re doing it carefully—and are likely to be unhappy when they find out that in the last year organizations spent an average of about $10 million to respond to security incidents as a result of negligent or malicious third parties. Losing that much money—and, worse, sensitive information—in translation is definitely a major loss.
Read the complete article at Cybersecurity: Big Problem for Small Firms?
