Article

The Staggering Cost Of Law Firm Data Breaches: Protecting Your Firm

January 9, 2025

Understanding the actual cost of a data breach will only help firms realize the critical importance of maintaining current cybersecurity measures.

As we begin 2025, attorneys hope the new year brings them happiness, health, and prosperity. One situation every law firm wants to avoid this upcoming year is a cyber incident or, worse, a data breach. Not all cyber incidents are data breaches, but cybersecurity protections should be implemented to protect your firm’s information and confidential files.

Keeping attackers out of your information systems has become more challenging than ever. Cyber threats have become more sophisticated, harder to detect, and much more expensive to recover from. According to Thomson Reuters, in 2024, the average cost of a data breach reached $4.88 million. That cost alone may sink some law firms, especially those which are under-insured. 

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