Licensed conveyancers in England and Wales are being encouraged to transition away from maintaining client accounts, as discussed at a round-table hosted by the Council for Licensed Conveyancers (CLC). The discussion highlighted the risks and regulatory burdens of managing client accounts, including compliance, cybersecurity, and anti-money laundering efforts. Contributors to the discussion from the payments…
International Bar Association releases report setting out governance best practice to help businesses protect themselves from cyber attacks
The IBA’s Presidential Task Force and the Legal Policy & Research Unit has released a report entitled: Global perspectives on protecting against cyber risks: best governance practices for senior executives and boards of directors. This report provides first of its kind global perspectives on best governance practices for directors and senior executives in protecting their…
SRA Review on Cybersecurity
The Solicitors Regulation Authority of England and Wales have published a review of cybersecurity and its relevance to law firms. Looking at how firms handle sensitive client data, and what risks are presented in the forms of cyberattacks. As well as the general ongoing importance of awareness of digital security in the industry, the report…
Law Society of Scotland strategic partnership on cybersecurity
The Law Society of Scotland has agreed a new strategic partnership with Mitigo, a cybersecurity consultancy. The partnership will provide targeted guidance, advice and resources for the legal sector, helping solicitors to keep their digital operations secure. As well as supporting CPD and training events and providing practical advice, Mitigo will offer security and resilience…
ABA and Hinshaw warn of cyber risks when remote working
The American Bar Associaton (ABA) have highlighted that when working remotely there are important considerations around privacy risks, relating to digital working that should be considered. Ruth Hill Bro, co-chair of the ABA Cybersecurity Legal Task Force, warns that “Law firms are attractive targets and the risk of cyber breaches multiplies as more employees work remotely. The…
ABA techreport shows how lawyers fail to secure client data in the cloud
The annual ABA techreport reports that whilst almost 60% of law firms use cloud computing applications to store client data, only 35% take standard precautionary measures to secure these data. The report identified severe deficiencies in firms’ approach to cybersecurity, particularly when using software as a service. Read the full report on the ABA site.