Experience robust cybersecurity with P&C Global. Protecting law firms from ransomware, phishing, and more. Turn threats into growth opportunities.

At A Glance

$9.45M

Estimated Savings from Potential Losses

€3M

Estimated Savings from Potential Losses

In the quiet early hours of a Tuesday morning, a senior executive at a bustling New York City law firm, is sifting through his emails. Suddenly, the calm is shattered. A chilling message appears on the screen: The firm’s confidential data has been encrypted, and a hefty ransom is demanded for its release. 

The clock is ticking, the stakes are high, and the firm’s reputation hangs in the balance.

This scenario, while hypothetical, mirrors the reality faced by many organizations today, as reported in a recent Financial Times article by Kate Beioley. The article underscores the growing sophistication and frequency of cyber-attacks. 

According to a report by the security company Sophos, 44% of UK businesses surveyed had been hit with ransomware in the past year. The average ransom payment has almost doubled from $812,380 in 2022 to $1.5 million in 2023.

As John Chambers, former executive chairman and CEO of Cisco famously said, “There are only two types of organizations: Those that have been hacked and those that don’t know it yet!”

The legal sector is not immune. The UK’s National Cyber Security Centre reports an increase in “hackers-for-hire” targeting this industry. These hackers are often commissioned to carry out malicious cyber activities for third-party clients, often involving the theft of information to gain the upper hand in business dealings or legal disputes.

What law firms should know:

  • Cybersecurity should be a top priority for all businesses, particularly those in the legal sector.
  • Companies need to be prepared for the possibility of a cyber-attack and have a response plan in place.
  • The decision to pay a ransom in the event of a data breach is complex and requires careful consideration.
We've been at the forefront of helping our clients navigate these turbulent digital waters.

Here are three recent engagements where we've been engaged to respond to active threats and avert potential catastrophe before it happens.

Proactive Cybersecurity: Transforming Vulnerabilities into Strengths

Our work underscores the power of proactive cybersecurity measures and the value of expert guidance. It’s a testament to P&C Global’s commitment to safeguarding our clients’ digital landscapes, transforming potential vulnerabilities into pillars of strength.

Our professionals are committed to helping you turn these challenges into opportunities for growth and resilience. We invite you to reach out to us to discuss how we can help protect your firm from cyber threats.

Let's Get to Work

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