If there’s one commitment a law firm cannot afford to violate, it’s attorney-client privilege. A law firm’s reputation can be damaged irreparably if their client’s confidential communications are leaked to the public.
Why does BEC make clients lose trust in a law firm?
Unfortunately, that’s exactly the kind of danger law firms are facing: nearly 80% of law firms reported phishing attempts in 2019, and the amount of money they’ve managed to steal has risen over 300%. Multiple law firms have been hit by ransomware attacks where cybercriminals have leaked sensitive client information in Russian hacker forums and extorted millions of dollars from law firms.
Email is still the primary mode of communication for law firms, but its open nature has made it less and less secure over the years. For legal institutions to stand a chance against targeted BEC scams, they need to take serious measures against this growing threat.
