Authored By: Iris Garrett
You may want to consider adding more security to your law firm’s case files and computers. U.S. leaders are now warning that attorneys and their practices could be prime targets for cyberattacks.
According to Reuters, three Chinese citizens are facing charges for trading confidential information taken from the networks of two U.S. law firms. The men allegedly hacked the firms’ servers while they were in the midst of mergers and acquisitions.
The Reuters article says the men used employee credentials to install malware on servers, access information from law firm partners’ emails, and get away with more than $4 million dollars. The U.S. Securities and Exchange Commission says the hackers listed themselves as IT professionals in brokerage records.
"This case of cyber meets securities fraud should serve as a wake-up call for law firms around the world: you are and will be targets of cyber hacking, because you have information valuable to would-be criminals," U.S. Attorney Preet Bharara (Reuters).
The American Bar Association offers more than 25 tips for increasing security at your law firm and ensuring it doesn’t experience a similar data breach.
- Change your passwords and do so on a regular basis.
- Encrypt backup media, a huge source of data leaks, as well as company thump drives. If using an online backup service or a cloud, be sure information is encrypted in transit and while it is being stored.
- Small firms and solo practices should use a single integrated product to deal with viruses, spam and malware.
- Take caution when it comes to social media applications, especially when they ask for access to your credentials.
- Consider purchasing cyber insurance to help protect against the consequences of a breach.
To read the full list of the American Bar Association’s cybersecurity tips, click here.
Photo Credit: Frank Peters