Are you one of the 56% of UK Law Firms that the SRA say arenʼt sufficiently protected against a data attack?

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Nearly three quarters of the UKʼs top 100 law firms have been impacted by cyber-attacks, according to a report by The National Cyber Security Centre, while a 2023 survey by PwC found that cyber risk has seen significant increases in spending among larger law firms. The number of cyber-attacks directed against UK law firms rose by 77% in the past year.

According to chartered accountants Lubbock Fine, 954 Law Firm attacks were detected in 2023—up from 538 the previous year.

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BIMI - DMARC - SPF - DKIM

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The SRA worry firms are increasingly vulnerable to cyber-attacks hence the rise in professional indemnity insurance

The professional indemnity insurance (PII) market for solicitor firms has been hardening following a previous period of lower PII costs. As a result, anecdotal evidence suggests PII costs are becoming an increasingly significant cost centre for some firms.
There are also concerns that some smaller firms may be poorly equipped to cope with rising costs.

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It is no secret that small and medium Law Firms struggle with increasing cyber-attacks Over 70% of Law Firms have reportedly encountered at least one cyber-attack. in the last year, and a recent survey found that 9 out of 10 Law Firms are still lacking in their knowledge and understanding of GDPR.

Many Law Firms turn to their IT Service Providers for support in dealing with these challenges, in fact, our research suggests that in many cases CEOʼs simply assume these matters are already covered for them. This dynamic brings far reaching challenges.

5 ways a cyber-attack can effect your Law Firm

1

Reputational Damage

2

Damage your Credit Score

3

Loss of Business

4

Increase of PII

5

Halt to your Business Trading

5 ways we can help protect your Law Firm and greatly reduce your risk of a cyber-attack

1

Initial Security Assessment

2

Auto Generation of Security Policies

3

Regulatory Compliance

4

Management Reporting

5

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