Is your business prepared for a cyber attack?

Is your business prepared for a cyber attack?

Cybercrime in the legal sector is not a secret.

Cases of targeted firms are commonly hitting the headlines and with fraudsters becoming more aware of what they’re up against, the risk of being affected is growing. Whether you’re part of a small practice or a national firm, reports of client data being stolen indicate that no corner of the legal services’ sector is safe.

So why is this still happening?

With so much publicity and media attention surrounding cybercrime, you might expect the number of attacks to decrease. For example, the SRA’s recent Risk Outlook drew attention to the need for firms to enhance their cybersecurity in order to protect client funds.

However, whilst firms may have taken steps to improve their prevention policy, there are often gaps in their existing strategy, with an absence of consistency across a firm. Though staff will be alert to the risk of cybercrime, there is often no central guidance for them to refer to. This can lead to a lack of certainty and in turn, a delay in steps being taken in the event of a firm being targeted.

How can firms improve their internal policy?

An Information Management Pack enables your firm to record the serious issues relating to cybercrime management in their security and ICT plan.

Brought to you by Legal Eye, our Information Management Pack contains a set of manageable documentation which will support your existing policies and provide a central point of reference for all staff.

Where your firm is concerned, staff are the first line of defence in preventing a cybercrime attack and must, therefore, be trained appropriately and be clear as to the necessary procedures.

The information provided within the Legal Eye Information Management Pack enables you to present your strategy clearly and confidently to staff, ensuring that procedures are consistent and prevention steps are in place.

Three key items are contained within the pack:

  • Cybercrime Security Policy
  • Information Management & Security Policy
  • ICT Plan

If you’d like more information on how our Information Management Pack could benefit your firm, please click here.

This article was submitted to be published by Legal Eye as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

Legal Eye

Legal Eye works with law firms to ensure compliance and optimise performance. Their extensive and thorough knowledge of the law and regulations will ensure your law firm is compliant and your processes sound. Files are audited to ensure you are not only complying with the service level agreements you have in place, but very importantly, also the code of conduct.

They provide a documented audit trail which is firstly, a requirement of the code of conduct and secondly, essential for PI Insurance purposes and very often for CQS, Lexcel and other quality accreditations. This provides documented evidence of a proactive approach towards risk management. The advice they offer is clear and practical, and they pride themselves on exceptional customer service and unbeatable work quality.

Services include:

  • Specialist expertise across the full range of regulatory, risk and compliance issues to inform your internal decision making.
  • Additional qualified resource where you simply do not have the time to review your regulatory position or to carry out essential ongoing tasks such as file reviews.
  • An online risk hub –  an online resource centre for law firms. The hub provides a comprehensive bank of resources to help COLPs, COFAs, partners, directors and managers to manage risk. It includes precedent policy and procedure documents and templates, access to online training on a range of risk and compliance topics, and a range of useful materials such as ‘how to’ guides, short videos and articles.
  • Drafting and review of key policies and procedures including the supply of ‘document packs’ to save you time researching and writing documentation.
  • Expert advice on how to comply with up-to-date regulation including the very latest requirements complete with a written set of recommendations.
  • Specialist outsourced complaints  handling service provided by former SRA and LeO officers.
  • Gap analysis of your firm’s policies, processes and procedures as they relate to the Solicitors Accounts Rules (SAR) including the production of a written report summarising the strengths and weaknesses of the current arrangements and detailing recommended next steps and actions to put your firm in an even stronger position.
  • Training on SAR and on anti money laundering (AML) as well as other finance-related training which can be delivered virtually for your firm, face-to-face (subject to government guidance) or online via Legal Eye’s Training Academy.
  • A Standard Procedures Manual to provide a practical and comprehensive roadmap for firms to follow when looking to double check whether the current operating procedures are fit for purpose, setting up a new firm – or arm of a firm – or starting a new finance function from scratch.
  • Experienced advice and support for one-off projects such as achieving quality accreditations or switching regulators.
  • Proven high quality training for fee earners and staff held at your office/s covering essential risk topics such as  Anti Money Laundering, data  protection, cybercrime, conflict of  interest and more.
  • Online training from The Legal Eye Academy – core modules available to all staff at their convenience. Includes built-in auto reminder functionality so that you no longer have to chase staff indi-vidually to complete important training. Your package includes free updates to ensure knowledge is always up to date.
  • Added value updates by email to all your key people covering all the latest updates on risk and compliance.

The Legal Eye team includes former solicitors, partners and directors in law firms; former case handlers at regulators such as the Solicitors Regulation Authority and the Legal Ombudsman and experienced risk and compliance professionals.

Contact: Paul Saunder

Tel: 0203 0512 049

Email:  [email protected]

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