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LOGICFORCE Announces Release of Its Latest Law Firm Cybersecurity Scorecard
February 21st, 2024
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News & Politics
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4 minute read
LOGICFORCE Announces Release of Its Latest Law Firm Cybersecurity Scorecard
LOGICFORCE, a leading legal IT consultancy, today released the results of its most recent Law Firm Cybersecurity Scorecard, a regular study designed to assess cybersecurity preparedness across the legal industry and educate law firms on data protection best practices.The data shows that over the last year, many law firms have been focusing on creating stronger cybersecurity programs by adopting formal cybersecurity policies and implementing training for all attorneys and staff. These changes have led to an increased industry score of 60%, which reflects improved cybersecurity practices across the legal industry and is the strongest industry score to date.However, many firms are still failing to implement many cybersecurity best practices, including the use of records management policies, multi-factor authentication (MFA), and data loss prevention technology (DLP). Neglecting the use of these technologies weakens overall cybersecurity efforts and poses major problems for law firms attempting to pass client audits.“While we’re encouraged to see that the industry score is improving overall, many firms are enhancing cybersecurity efforts only to meet the increasing requirements of client audits,” said Gulam Zade, CEO of LOGICFORCE. “Law firms need to proactively implement stronger cybersecurity practices; not only do their clients expect it, but the market will continue to drive and demand strong security measures as technology evolves.”Cybersecurity Scorecard key findings include: The legal industry score for cybersecurity health among law firms has increased from 54% in 2018 to 60% in 2019.This positive movement is largely attributable to law firms’ improved adoption of formal cybersecurity policies and training this year. The percentage of law firms that have formally documented cybersecurity policies increased from 55% in 2018 to 70% in 2019. In addition, about 7 in 10 law firms (68%) have invested in formal cybersecurity training for their employees, up 14 points from last year (54%).Client audits demand improved cybersecurity best practices. Over half (51%) of the firms surveyed are being audited at least once by a client. While this is nothing new, we’ve seen an increase in the amount of effort required in the response - a yes or no answer will no longer suffice. Today, clients are asking for more details including whether a firm has policies regarding how data is processed and handled, what the retention policies are and whether employees are trained on secure data practices.
Black and gray laptop computer turned on, rows of data onscreen; image by Markus Spiske, via Unsplash.com.
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