Cyber crime presents a significant risk to clients and their assets, including information and money, which not only leads to a negative impact on the structural or financial stability of a law firm, but can severely damage a firm’s reputation. Under Principle 10 of the Solicitor’s Regulation Authority (SRA) handbook, law firms within England and Wales have a responsibility to “protect client money and assets”.
With law firms ranked the seventh most frequent target for cyber criminals, law firms are under considerable pressure from both clients and the government to protect confidential information.
We are now seeing clients demand that their law firms implement stringent information security controls, such as those set out in ISO 27001, to protect their confidential information. Many law firms are now implementing ISO 27001-compliant information security management systems (ISMSs) to ease the workload of regular audits and better manage their sensitive information. Not only does this prove to their clients that they take information security seriously, it enables them to gain an advantage over their competitors.
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