“We regret to inform you, but your financial data might have been stolen.” It’s a scene straight out of your worst nightmare. It’s something that giant auditing firm Deloitte and a small Connecticut-based accounting firm had to deal with when they were hacked. Data breaches affect firms of all sizes, reiterating that the need for stronger cybersecurity for accounting firms is more real — and pressing — than ever.
Why do hackers target law firms? Simply put- The weak cybersecurity of law firms make them an irresistible lucrative easy target for hackers. Not only are they a goldmine for highly sensitive corporate, financial, and personal data, but also because most firms aren’t prepared to fight off such attacks.
Hackers target law firms with a vengeance — An ALM Legal Intelligence’s cybersecurity report, 95% of corporate counsel agree that cyber-attacks are becoming more frequent. But most law firms continue to ignore the threat with nearly one-third not undergoing any formal information, cybersecurity, and privacy assessment.
Just take a look at what happened to global law firm DLA Piper, who, after proclaiming themselves experts on cybersecurity (even offering their services to affected companies through their 24/7 Rapid Response hotline) fell victim to a massive ransomware attack. Ouch.
For days, they were unable to have access to their files and had to revert to good ol’ fashioned texting to manage the law firm’s operations. And with companies losing anywhere from $300,000 to $1.7 million every hour of downtime, it’s not surprising that it’s still reeling from the attack.
When we think about business risks, we often overlook some of the most destructive factors. There’s so much focus on protecting assets from malicious cyber attacks and human error—especially in law firms—that most fail to prepare for the impact of natural disasters on your firm.
If this year taught us anything about technology, it’s that you should really focus more on protecting and securing your data. No matter how far digital technology has evolved; no matter how advanced today’s tools seem to be—they will remain vulnerable to a lot of different factors. So we thought this IT and tech checklist to achieve just that can help.
Blockchain technology for accounting firms: The explosion of cryptocurrency propelled blockchain technology into the mainstream, and tech-savvy accountants were quick to recognize how it seamlessly integrates with their profession. The auditing world’s Big Four and other early adopters have started experimenting with blockchain way ahead of everybody else. What are the benefits of blockchain technology for accounting firms that are getting industry leaders excited?
Whether you’re a legal administrator, office administrator or managing partner in your law firm, you need to lead the charge to create awareness around data privacy for lawyers in your firm. Examining the reasons behind cyber insurance claims, the numbers reveal that the biggest threat accounting firms face is internal — the lack of training among its employees and contractors.
Title: Cyber Fortress: How To Protect Your Data Empire
Date and Time: TUESDAY, November 13, 2018
Presenter: Michael DePalma, Channel Development Manager, Datto Inc.
Moderator: Eric Hobbs, CEO of Technology Associates
- How to safeguard your business with a secret weapon in the war on cyber extortion.
- Simply, securely, and automatically maintain control of your business data.
- Cyber Security Q&A on how to prevent the biggest threat to the small business community: Ransomware
- Real Life Check In: If your systems were struck by a disaster, how much data could you recover? How much downtime would you experience?
- Debunking the myths of traditional backup methods and their limitations.
- Real “out of this world” examples of cyber threats.
- Proactive Solutions: Business continuity, your new secret weapon in protecting your data empire.
- How you can protect your business this holiday season.
Let’s put it this way. Even unicorns exist in Google. So there’s absolutely no reason for your law firm not to have an active online presence. That’s just how important social media for law firms is. Period.
And if done right, a law firm’s social media presence will prove to be a strategic business decision that results in tangible and highly-profitable gains.
What we all do behind closed doors, is our business, right? This “Aaron Smith” Sextortion Scam suggests otherwise.
Imagine this (or maybe you don’t have to imagine because if you’re a business owner in the triangle area):
You open your inbox, and some guy named Aaron Smith in broken English says something to the effect of,
“Hey, I hacked into your computer while you were on adult website X, I turned on your webcam and recorded you and your screen, and if you don’t pay me $5000, I’m going to post this video on your Facebook feed and show your aunt Martha, your boss’s wife and everyone else in your world.
I have your information, I know your password is Rover050467.”
Yep. This latest scam/internet con/email phishing attack is called “Sextortion” because it’s whole tactic is based around threatening to share what you do in private to all of your peers. This one’s a doozie to say the least.
If you’re not signed up yet – attending our next webinar Tuesday November 13 from 1:00 – 2:00 PM on Cybersecurity: How To Protect Yourself And Your Business From Data Breaches is an absolute must.
Let’s dive into this debacle of a threat so you can learn how to protect yourself from this fantastically embarrassing (and clever!) email phishing attack.
With Halloween this week we just couldn’t help ourselves. We had to take a look at this scary story of Facebook’s recent cyber hack of the century. The recent Facebook hack directly compromised an estimated 50 million Facebook accounts – including those of its bigwigs Mark Zuckerberg and Sheryl Sandberg.
Add the other 40 million at-risk accounts, and it puts this breach as the largest the social networking site has ever experienced.