Cybercrime is challenging organisations everywhere, with daily news stories about businesses, government organisations and even global IT companies that have been hacked. Law societies and insurers have been warning lawyers about cyber risk, in particular…

Unless training is provided and proper accounts processes are in place, employees will often action fake payment requests that appear to come from a senior officer within the organisation.

Managing cyber risk is now an integral part of legal practice, and law firms should consider both risk management and risk transfer via insurance when planning cyber risk response.

Our article by Simone featured in the Law Society Journal, December 2018. Click though to read the full article where Simone discusses the types of scams impacting legal practices, and how they actually work. She highlights possible dangers in outsourcing responsibility for cyber resilience to external IT consultants and, how do different insurance policies respond?

Insights: Regardless of size, cyber risk is a significant risk to all law firms. Professional indemnity policies often provide broad coverage for third party claims but not the firm’s own losses. Cyber insurance can offer different, additional types of cover including specialist technical support.