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Law firms need to take a risk management approach to securing their information. Seven key steps in assessing the risk are outlined in Taking Control of Information Security – A How-To Guide for Law Firms by Baan Alsinawi, published in the May 2011 issue of Law Practice Today . The author warns that: Failure to protect client records and data within law practices comes with a hefty price tag. According to a 2007 ABA report, it can cost a law firm “$182 per compromised record, or an average of $4.8 million per breach.” And yet law firms are among the slowest industry groups to implement information security—even though they are particularly at risk since they are ethically required to maintain the confidentiality of client records and data. Your information is at risk, whether you’re a solo, small firm or mega-firm. What steps are you taking to keep it secure? The Canadian Lawyers Insurance Association provides loss prevention information solely for the benefit of CLIA insured lawyers. The content and links provided in Loss Prevention eBytes are intended as resources to qualified lawyers who should exercise due care and their professional judgment in adapting or making use of any content.
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