If you’re subject to regulatory compliance, this can have a major impact on the way your business operates. HIPAA, SOX, and GLBA are three regulatory compliance standards that apply to a wide range of companies. Learn more about these compliance standards, and the steps companies must take to align with them.
For the sake of productivity alone, law firms always need to be as forward-thinking and as tech savvy as possible in order to do the best work for their clients and remain competitive in the market as a whole. However, for every new, disruptive piece of technology they embrace, they potentially put themselves at risk for the type of catastrophic data breach that can subject those same clients to an immeasurable amount of harm. Preventing law firm data breach scenarios isn't impossible, but it does require you to approach the situation from a very particular angle.
Second perhaps only to the healthcare industry, data security in the digital space is one of the most pressing concerns that law firms face on a daily basis. Law firms are subject to an extraordinary number of rules and regulations regarding what type of information can be stored digitally, how it must be stored, who it can be shared with and more. Violations open law firms up to regulatory actions, financial settlements and more depending on the severity of a particular issue or breach. This is the core reason why making sure that you're choosing the right data hosting for law firms is so important.
When people think of the term "data breach," they normally call to mind images of retailers or even banks that fall victim to these devastating types of attacks. They may even think about insurance companies like the Anthem hack that exposed the personal information of millions of customers to harm a few years ago. According to Bloomberg, however, law firms are also at an increased risk of being hacked - shockingly so, in some cases.
Law firm data security is hugely important for a wide range of different reasons. For starters, many people don't realize just how devastating a hack on a law firm can really be. Whereas a stolen credit card number may result in a few hundred dollars of fraudulent charges that are quickly overturned by a credit card company, a law firm hack can result in identity theft, an irreparably damaged reputation, regulations violations and more. If you run a law firm and want to make sure that you're protecting your files in a digital realm, you need to keep a few key things in mind.