Chicago Based Law Firm Cybersecurity Services
Law Firm IT Security Services
Legal firms require cybersecurity expertise to assess their infrastructure, actively identify, mitigate, and resolve cyber threats proactively, preventing them from evolving into disruptive events that could adversely affect business operations.
According to the American Bar Association’s 2022 Legal Technology Survey Report, 27% of law firms reported having experienced a security breach at some point.Â
A law firm facing a security breach risks severe consequences, affecting operations, reputation, and client trust. The breach may compromise confidential client information, resulting in a breach of confidentiality, disclosure, and fines. As a cybersecurity company specialized in IT security services for law firms, we help our clients safeguard sensitive legal information and ensure their digital integrity through effective cybersecurity measures and regular IT security assessments.
Security Challenges in Legal Firms
According to IBM’s recent Cost of a Data Breach report, the global average cost of a data breach in 2023 rose to $4.45 million, marking a 15% increase from 2020. Specifically for professional services organizations like law firms, the average cost is slightly higher at $4.47 million. Over the years, law firms have grappled with sophisticated cyberattacks, leading to ransomware outages, public exposure, reputational damage, and substantial financial loss. Unfortunately, many law firms lack the in-house resources and expertise necessary to effectively detect and contain these threats.
Legal firms have become prime targets for cybercriminals aiming to:
- Retaliate against legal representation of specific clients.
- Exploit law firms as conduits to access their clients’ sensitive data.
- Publicly disrupt operations as a means of extortion.
- Monetize stolen information for financial gain.
PSM Security Assessment for Legal
Get help achieving your broader security objectives—and identify current and real threats—by scheduling a Threat Protection Engagement. What to expect:
- Deep analysis of cyberattack threats that are found targeting your organization
- Actionable recommendations to help immediately mitigate the identified threats
- A detailed assessment of your IT and security priorities and initiatives, direct from cybersecurity pros
- An inside look at Microsoft’s holistic approach to security, and how it relates to your organization
- Demonstrations of integrated security, including the latest tools and methods
- Long-term recommendations from Microsoft experts about your security strategy, with key initiatives and tactical next steps
Data Sheet
PSM Extended Detection and Response (XDR) for Microsoft for Law Firms
Enhance the security of your law firm with PSM Partners Extended Detection and Response (XDR), leveraging your current Microsoft investment by adding Sentinel and Microsoft 365 Defender. Benefit from the expertise of highly certified professionals, comprehensive visibility across your Microsoft ecosystem, and unparalleled threat response and remediation. Explore how PSM Partners Managed Detection and Response transforms your firm’s security landscape.
PSM Managed Detection and Response Benefits
As a Chicago-based IT security firm specializing in Managed Detection and Response (MDR), we are highly skilled in taking a proactive approach to identifying, investigating, and mitigating cyber threats specific to the legal sector, preventing potential disruptions to business operations.
Our dedicated team of Cyber Analysts has successfully intercepted cyber intrusions orchestrated by a variety of sources, safeguarding critical client data. Proactively staying ahead of the threat landscape, we excel in detecting and addressing evolving social engineering threats tailored for the legal industry. Notably, our team has effectively halted ransomware attacks, ensuring the uninterrupted operations of our clients and averting potential public incidents.
At PSM Partners, we take pride in safeguarding legal firms across the Chicagoland area. As leaders in legal industry, we proudly collaborate with esteemed organizations like the International Legal Technology Association (ILTA) and the Association of Legal Administrators (ALA).
Why Invest in Security for Law Firms
According to IBM, only 33% data breaches were identified by the organization itself—40% were discovered by a third party, while 27% were disclosed to the organization by an attacker.
According to IBM, the global average cost of a data breach in 2023 rose to $4.45 million, marking a 15% increase over the past three years.
After a data breach, firms generally see about 31% of their clients leaving.Â
How PSM Protects Legal Firms
Complete Security Assessments
Analyze current environment and provide actionable recommendations based on current best practices.
Confidential Information Accessibility​
Our 24/7 Elite Threat Hunter and SOC Cyber Analysts actively hunt for threats across your environment. We detect intrusions and contain cyber attacks before data can be exfiltrated. ​
Addressing Operational Disruption
Through our Multi-Signal MDR Service, we pinpoint and disrupt harmful administrative actions facilitated by remote access tools, thereby averting intrusions and thwarting the spread of malware throughout your firm's environment.
Avoiding Regulatory Violations
Our SOC relies on established run books that feature detectors aligned with PCI, HIPAA, and state-level regulations, along with reporting measures.
Risk assessment quiz
Is Your Legal Practice at Risk?
Take our comprehensive risk assessment quiz to evaluate the current risk posture of your legal practice. In today’s dynamic legal landscape, staying ahead of potential risks is paramount to ensuring the longevity and success of your firm. When was the last time you thoroughly assessed your firm’s vulnerabilities? Our quiz is designed to provide you with valuable insights into areas where your legal practice may be at risk. Upon completion, you’ll receive a personalized risk assessment report highlighting areas of strength and areas for improvement. Armed with this knowledge, you’ll be better equipped to implement proactive strategies and safeguards to protect your firm from potential threats.
Legal Industry Security Services
At PSM, we go beyond the market’s capability in threat response. PSM multi-signal MDR approach ingests endpoint, network, log, cloud, asset and vulnerability data that enables complete attack surface visibility. Enriched detections from the PSM Threat Response Unit are applied to captured data identifying known & unknown threats including suspicious activity and zero-day attacks. With Security Operations Center staffed with cyber experts and Elite Threat Hunters, an industry-leading XDR Cloud Platform, and refined security operations processes, PSM can detect and respond to cyber threats at a moment’s notice.Â
Explore Management Services
Strategic services including Vulnerability Management, Managed Phishing and Security Awareness Training to identify gaps, build defensive strategies, operationalize risk mitigation and continuously advance your security program.
Managed Detection & Response
We deliver Response + Remediation you can trust. By combining our cutting-edge XDR platform, Elite SOC support, around the clock threat hunting and security operations leadership, we hunt and stop known & unknown threats before they disrupt your business.
Incident Response
Battle-tested Incident Commander level expertise can be rapidly deployed to contain any potential security event and ensure impacted systems are sanitized and brought back online quickly and effectively.
Checklist
Cybersecurity Control Checklist
Cyber crime is a significant threat, leading to downtime, costly data breaches, loss of reputation and more. Protect your business with these 18 critical controls.Â
Law Firm Security services faq
Law firms possess valuable client information and financial data, making them attractive targets. The vulnerabilities within their everyday workflows, such as bank transfers, identity checks, and email communications, expose them to various forms of malicious cyber activity.Â
A data breach is, essentially, any security breach that results in unauthorized access to confidential information.Â
Within a law firm, a data breach can arise in several ways, including:Â
- Lost or stolen hardware (e.g., where an unencrypted work laptop is stolen from an employee’s car)
- Cyberattacks (e.g., malicious attacks by cybercriminals)Â
- Employee error (e.g., where an employee unintentionally discloses confidential information)Â
While data breaches can be devastating in any industry, lawyers’ unique ethical obligations make data security especially critical for their organizations.Â
Data security is vital for law firms to maintain client trust, uphold attorney-client privilege, and comply with legal and ethical standards. It helps prevent financial losses, ensuring the firm’s professional responsibility and safeguarding against the risks of data breaches.