For the legal industry, the cybersecurity goals of protecting proprietary information, data, and systems go hand in hand with client confidentiality. Yet, one in four legal firms experiences a data breach, and many firms still do not understand law firm security requirements or cybersecurity policy requirements.
Holmes and Watson, Calvin and Hobbes, Solo and Chewbacca, Fintech and Cybersecurity, what do these have in common? They are an iconic long-lasting partnership that is meant to be. Well implemented cybersecurity for financial services shows that cybersecurity partnerships are a must for maintaining consistently high levels of security.
Law firms are attractive targets for cyber criminals. While the information they harbor isn’t as closely protected as that of the healthcare industry, it can be just as sensitive, if not more so. A data breach could lead to financial damage, whether fraud, theft, or ransom. Thus, it’s imperative to develop a cybersecurity plan for your practice. The various cybersecurity requirements for law firms impact not only the attorneys on staff, but also the many clients you have a duty to protect.
Cybersecurity is essential for every kind of business, across every industry. Many companies have no choice but to shore up their cyberdefenses, with legal mandates and penalties applied for noncompliance. And, while cybersecurity requirements for law firms are relatively lax in comparison to other industries, lawyers still have an obligation to keep their clients safe. For many firms, partnering with a cybersecurity provider is the best way to do so.
Fintech is the wild west frontier of loose regulations and killer app emerging tech and you need a sheriff. The fintech industry is seeing explosive growth, with more of our daily activities migrating to the digital space, fintech security solutions are quickly becoming a must-have for any fintech businesses.