Credit: Karen Roach – Fotolia. Keep Vigilant and Carry On: How Law Firms Can Learn from Cybersecurity Cautionary Tales
Looking back at the past year of cybersecurity incidents and breaches, it is clear that hackers are getting smarter and more creative. Legal IT professionals can learn from these examples and strengthen their firm's security network and protocols accordingly.
August 01, 2022 at 07:00 AM
8 minute read
According to the Ponemon Institute and IBM's Cost of a Data Breach Report 2021, the average total cost of a data breach increased from $3.86 million to $4.24 million in 2021. The report indicates a 10% year-over-year increase in the average total cost of a breach. Personally identifiable information (PII) breaches now have a cost of $161 per record for organizations. The average number of days it takes to identify a breach increased from 287 days to 316 days as the pandemic forced many into remote workforce situations. If peace of mind is what you seek, these numbers are headed in the wrong direction.
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