Lawyer’s Learning Center with DHIA Podcast Season 08
Season 08:
Today’s Cyber Exposures, Liability, and Protection
Can you financially survive a cyberattack? Are you as prepared as you want to be in terms of financial status, insurance coverage, or processes?
This Cyber Liability Self-Assessment was designed to help you answer these vital questions in three thoughtful steps.
Take your assessment and create an action plan.
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Data Breaches are shockingly common. It’s never safe to assume that your business isn’t vulnerable.
In this episode, we go over what Data Breach Insurance is, the two main types, and what it covers. We also share four tips to help protect your law firm and a valuable resource to quantify your risk.
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Tune in as we recap an interview with Managed IT expert Zachary Wilcoxen. He shares some important and manageable steps law firms can take to manage the risks associated with remote and hybrid workforces.
For more on Zac’s company, Pretect Managed IT Services, visit their website at https://pretect.us/.
Disclaimer:
Daniels-Head Insurance Agency (DHIA) seeks thoughts and insights from a variety of individuals and organizations in the industry. The guest content on this podcast represents the individual opinion of the guest and not that of DHIA. Nor is it the opinion of DHIA’s underwriters and business partners. Neither DHIA nor DHIA’s business partners are recommending, endorsing, or sponsoring any companies, or third parties mentioned in this podcast.
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Cyber Liability Self-Assessment
In this episode, we go over what a cybersecurity breach is, what it could mean for your law firm, and how you can prepare to protect your data.
According to an article from Forbes Advisor, data breaches have increased 72% since 2021. The FBI’s Internet Crime Complaint Center reported that more than 880,000 complaints were made by cybercrime victims in the US in 2023. The reported losses totaled over $12.5 billion, a 22% increase from 2022.
You can hear all the statistics, but many think the worst won’t happen to them. The basic facts are that no one is immune, everyone is a potential target, and the losses are unbelievable.
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In this episode, we discuss multi-factor authentication, how it protects data, and why it should be used for everything.
2023 held the record for cybersecurity breaches in the legal industry, compared to the previous five years combined.
Take today’s episode as your sign to recognize the exposures and the vitality of safeguarding your information with the simple but effective multi-factor authentication method.
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Download your Cyber Liability Self-Assessment and take charge over your cybersecurity.
Today, we are taking a deep dive into ransomware attacks. What they are, how long they’ve been around, and proactive measures you can take to protect your law firm from this cyber threat.
Ransomware attacks have been around for decades, starting with a floppy disk in 1989. Evolving and creatively attacking businesses and everyday users to encrypt sensitive data and demand a ransom for its release.
Ransomware attacks are avoidable. Educating yourself on the red flags and triggers, understanding how to sift through the tricks, and safeguarding your data with preventative measures can all mitigate the risk of falling victim to a ransom attack.
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Cyber Liability Self-Assessment
Read our latest article: Is Your Law Firm Prepared for a Cybersecurity Breach?
Human error continues to be the leading cyber threat. A user’s inadvertent actions can create openings for cybercriminals to breach networks and gain unauthorized access to data.
So in today’s episode, we are discussing how these errors happen, the tactics cybercriminals use to trick users, and some best practices for implementing and mitigating risk.
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In this episode, we are discussing cybersecurity in your email inbox.
Email plays a critical role in our lives, which makes it an attractive target for cybercriminals. Understanding the desire for email access and the tactics used to get in is paramount.
Underestimating cybercriminals by thinking your email information isn’t captivating is fallacious. A cybercriminal can creatively string together pieces of raw information and material to design an intuitive and tricky phishing email campaign.
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Podcast Episode on Multi-Factor Authentication
Download your Cyber Liability Self-Assessment to assess your risk and make a plan!
Think you’re protected? You might be surprised. Even after taking precautions, you could still find yourself facing a lawsuit. But why?
In this episode, we break it down:
- Who owns the data when you use a third-party payment processor?
- Who is liable for a data breach involving third-party services?
- What about attorneys accepting credit card payments?
- How does data ownership law apply to data storage?
Tune in to uncover the answers and protect your practice.
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Cyber Liability Self-Assessment
Request a Cyber Liability Insurance Estimate
Should You Use Professional Liability Insurance for Cyber Liability Coverage?
According to IBM’s 2024 Cost of a Data Breach report*, the global average cost of a data breach is at $4.88M, a 10% increase from last year.
Many attorneys hear about these large losses and think they’re immune. The reality is that law firms store sensitive information that is lucrative to cybercriminals.
In this episode, we discuss the differences between cyber liability and data breach insurance, the differences between first- and third-party insurance, and how to consider the options available to you.
*Cost of a data breach 2024 | IBM
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Cyber Liability Self-Assessment
Request a Cyber Liability Insurance Estimate
Should You Use Professional Liability Insurance for Cyber Liability Coverage?
In today’s digital age, the rise of cybercrime fuels the dreams and ambitions of cybercriminals. If you aren’t actively defending your data and protecting your business with cyber insurance, you might be inadvertently supporting their dreams.
In this episode, we explore the costs and benefits of Cyber Liability Insurance. We’ll discuss the differences between standalone policies and bundled or add-on options with Professional Liability Insurance, the unique exposures law firms face, and proactive measures you can implement.
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Podcast Episode Mentioned (S08E04 “Is Your Law Firm Prepared for a Cybersecurity Breach?”)
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