According to the survey, about two-thirds of directors are less than confident about their company’s cybersecurity. This finding is not surprising given the frequency of data breaches these days. There is a growing sense of exasperation, as if we are living in an age of a great plague, with bodies piling up in the streets.
Law firms are facing grave privacy and security risks. Although a number of firms are taking steps to address these risks, the industry as a whole needs to grasp the severity of the risk. For firms, privacy and security risks can be significantly higher than for other organizations. Incidents can be catastrophic. On a scale of 1 to 10, the risks law firms are facing are an 11.
This is not time for firms to keep calm and carry on. The proper response is to freak out.