Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

Law firms manage a vast amount of sensitive information, from merger deals and criminal evidence to intellectual property and personal data, making them prime targets for hackers and malicious insiders. Security breaches can lead to reputational losses, remediation costs, and penalties. That’s why strict IT requirements regulate cybersecurity for law firms.

84% of board directors acknowledge cyber risk as a business risk, according to Gartner’s 2024 Board of Directors Survey (subscription required). Yet, many CISOs still find it difficult to secure enough support and resources to drive cybersecurity initiatives forward. What CISOs need most to obtain sufficient backing from the board are tools that convey cybersecurity issues effectively.

Cooperation is the key to success, and working with third parties helps your organization increase efficiency, offer better products and services, employ highly qualified experts, and cut costs. However, all these benefits come at the price of additional cybersecurity risks. Even minor flaws in your third-party vendor’s security and privacy routines may lead to serious cybersecurity breaches in your organization.

Financial data has always been a prime target for cybercriminals due to its high value. Therefore, banks, loan services, credit unions, and investment and brokerage firms are highly vulnerable to cyberattacks. Moreover, security incidents in the financial sector are extremely costly (surpassed only by the healthcare industry), with the average total cost of a data breach reaching $6.08 million in 2024.