Posts

Last month, another major cyberattack on a law firm made headlines once again. A cybercriminal ring stole a huge cache of data from a major media and entertainment law firm. The hacker group initially demanded a $21 million dollar ransom for the stolen private documents, which then doubled to $42 million. This was a law firm with on-site IT support and sophisticated safe guards that now has their name splashed across the news creating a publicity nightmare, reputational free-fall and sleepless nights for all of their clients.

While blockbuster data breaches against household names tend to make the news, attacks against smaller organizations are now so frequent that they are no longer newsworthy. In the most recent Verizon Data Breach Investigations Report, for example, 58% of victims were categorized as small businesses.

Cyber threats are rapidly evolving and there are a plethora of ways in which attackers can access networks. As protectors of sensitive information, it’s important that law firms are conscious of IT security and take steps to protect themselves from threats.

                          TITLE: Cyber Threats: How to Make Your Firm Resilient to Cyber Risk
                          PRESENTER: Adam Abresch, CIC, CCIC, CLCS
                          DATE: Wednesday, July 15, 2020
                          TIME: 9AM to 10AM PST
                          COST: FREE for BASF Members ($30 for Non-Members)

In this FREE webinar, you will learn more about:

• The Numbers behind Cyber Risk
• What’s at Risk for your firm
• The Cost of a Cyber Breach
• The Solution

You will also receive a Cyber Risk Exposure Scorecard to better understand where you may be vulnerable to the new reality of cyber criminals.

Cyber awareness and protection is becoming essential for law firms of all sizes and areas of practice. We hope you can join us for a very informative hour!

_______________________________________________________________________________________

As the Cyber Risk Practice Leader at Acrisure, Adam is responsible for designing custom Cyber, Crime and Technology solutions for Acrisure clients across the globe. Adam is also a guest lecturer at Fordham University, Hofstra University and leads Cyber Liability education for over 250 Acrisure Partner Agencies throughout the country.

Adam is a frequent speaker and thought leader on Cyber Risk, including featured presentations at NetDiligence, the Professional Liability Underwriters Society (PLUS) Cyber Conference and the New Jersey and New York City Bar Associations. Adam graduated from the University of North Carolina at Chapel Hill and maintains a Certified Insurance Counselor designation (CIC), Cyber COPE Insurance Certification from Carnegie Mellon/Chubb and was the recipient of NetDiligence’s 2019 Toby Merrill Rising Star Award.

Last month, another major cyberattack on a law firm made headlines once again. A cybercriminal ring stole a huge cache of data from a major media and entertainment law firm. The hacker group initially demanded a $21 million dollar ransom for the stolen private documents, which then doubled to $42 million. This was a law firm with on-site IT support and sophisticated safe guards that now has their name splashed across the news creating a publicity nightmare, reputational free-fall and sleepless nights for all of their clients.

While blockbuster data breaches against household names tend to make the news, attacks against smaller organizations are now so frequent that they are no longer newsworthy. In the most recent Verizon Data Breach Investigations Report, for example, 58% of victims were categorized as small businesses.

Cyber threats are rapidly evolving and there are a plethora of ways in which attackers can access networks. As protectors of sensitive information, it’s important that law firms are conscious of IT security and take steps to protect themselves from threats.

                          TITLE: Cyber Threats: How to Make Your Firm Resilient to Cyber Risk
                          PRESENTER: Adam Abresch, CIC, CCIC, CLCS
                          DATE: Thursday, June 25, 2020
                          TIME: 12PM to 1PM PST
                          COST: FREE for SDCBA Members ($25 for Non-Members)

In this FREE webinar, you will learn more about:

• The Numbers behind Cyber Risk
• What’s at Risk for your firm
• The Cost of a Cyber Breach
• The Solution

You will also receive a Cyber Risk Exposure Scorecard to better understand where you may be vulnerable to the new reality of cyber criminals.

Cyber awareness and protection is becoming essential for law firms of all sizes and areas of practice. We hope you can join us for a very informative hour!

_______________________________________________________________________________________

As the Cyber Risk Practice Leader at Acrisure, Adam is responsible for designing custom Cyber, Crime and Technology solutions for Acrisure clients across the globe. Adam is also a guest lecturer at Fordham University, Hofstra University and leads Cyber Liability education for over 250 Acrisure Partner Agencies throughout the country.

Adam is a frequent speaker and thought leader on Cyber Risk, including featured presentations at NetDiligence, the Professional Liability Underwriters Society (PLUS) Cyber Conference and the New Jersey and New York City Bar Associations. Adam graduated from the University of North Carolina at Chapel Hill and maintains a Certified Insurance Counselor designation (CIC), Cyber COPE Insurance Certification from Carnegie Mellon/Chubb and was the recipient of NetDiligence’s 2019 Toby Merrill Rising Star Award.

I’m sure you have all heard about the WannaCry virus trending in the news the past few weeks. WannaCry is a strain of ransomware that was used in a global cyberattack. As of today over 300,000 computers and counting have been affected worldwide. Companies of all types and sizes have found that their systems and files were suddenly inaccessible, while hackers demanded payment within one week of infection.

This growing exposure trend continues without any sign of letting up. The article linked below (provided by Sedgwick LLP) provides excellent advice on steps your firm can take to help mitigate one of the fastest and most frequent exposures we see come across our desks and those of our underwriting partners.

Post active-loss discussions can only address what could have been done and what should be done in the future. But what are you doing to prevent losses right now?

Click here to continue reading the article…