In the modern world, businesses operate in an environment full of cyber threats. In this regard, cyber security management is more important than ever. Although conventional approaches are still relevant, new approaches are appearing to enhance the effectiveness of the protection against the constantly emerging  threats.

Law firms are prime targets for cyberattacks given their proprietary sensitive information, including client data, intellectual property, and confidential business transactions. Now more than ever, law firms must prioritize cybersecurity measures to protect their businesses and maintain the confidence of their client base.

In today’s digital age, businesses are dependent on the internet. From internal communication amongst employees to fielding queries from customers and processing payments and payroll, the web is a crucial part of conducting business in the 21st century.

CISA has released CISA Analysis: Fiscal Year 2023, Risk and Vulnerability Assessments, an analysis detailing the findings from the 143 Risk and Vulnerability Assessments (RVAs) conducted across multiple critical infrastructure sectors in fiscal year 2023 (FY23).

With smaller teams, older technology and fewer resources, small businesses face an increased risk of cyber attacks. In fact, 50% of cyber attacks target small businesses. Small businesses also have a more difficult time recovering from a cyber attack - 60% will close within six months following a cyber security incident. Here are some common tactics cyber criminals use, and ways to strengthen your business’ cyber security: 

Cybersecurity incidents can have extensive and far-reaching impacts on businesses, extending well beyond financial losses.

Here are some of the key areas where businesses might experience significant costs due to cybersecurity breaches: