Cyber risk has been an issue for law firms for many years. However, the changes in working environments brought about by the Covid-19 pandemic have been particularly helpful to cyber-criminals, with increased homeworking and remote authorisation processes resulting in increased opportunities for fraudsters. Many firms have had to invest significantly in their IT infrastructure in order to ensure that their systems are sufficiently robust to resist attack.
In this article, CM Murray’s regulatory and professional discipline partner, Andrew Pavlovic, considers the steps law firms can take to better protect themselves from the rising risk of cyber-security issues and the regulatory implications of cyber-crime on firms, including the obligations firms have to report cyber-security breaches:
Cyber-Security: 3 Key Legal Regulatory & Professional Discipline Trends for 2022 – Part 3