$14 Million Stolen by Hackers from UK Law Firms

guest · Jul 24, 2018

$14 Million Stolen by Hackers from UK Law Firms
July 24, 2018
https://latesthackingnews.com/2018/07/24/14-million-stolen-by-hackers-from-uk-law-firms/

The National Cyber Security Centre or NCSC of the UK found that cybercriminals stole a total of over $14 million from legal firm clients in 2016 thru 2017. Last year, about 60% of the country’s law firms reported info security incidents. This was an increase from 2016 by nearly 20%.

The CEO of the NCS, Ciaran Martin had this to say in the report: [...]
The President of the Law Society, Christina Blacklaws, emphasized that the massive loss is due to the fact that legal firms are “attractive targets.” This is because their day-to-day work routine consists of the constant handling of client monies and sensitive client data.

Also in the NCSC report, the cybercriminals who target UK’s legal segment are “financially motivated.” Data breaches, phishing attacks, and ransomware attacks are the most significant cyber threats faced by legal firms and indeed this is not the first time this particular industry risk has been reported.
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