Why Law Firms Are Prime Cyber Targets
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Confidential Client Data
Law firms hold sensitive M&A details, litigation strategies, and personal client information - goldmines for hackers.
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Trust Account Fraud
Conveyancing and corporate lawyers handle millions in trust accounts - attractive targets for wire fraud.
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Professional Duty
Lawyers have ethical obligations to protect client confidentiality. A breach can mean disciplinary action.
Coverage for Legal Practices
| Coverage | Protection |
|---|---|
| Client Data Breach | Notification, forensics, and remediation when case files are compromised |
| Trust Account Fraud | Coverage for fraudulent wire transfers from client trust accounts |
| Business Email Compromise | Protection when hackers impersonate partners for fraudulent instructions |
| Regulatory Defense | Coverage for Law Society investigations and disciplinary proceedings |
| Ransomware Recovery | Data recovery and business interruption from ransomware attacks |
| Third-Party Liability | Defense costs when clients sue over breaches |
Law Firm Cyber Insurance Pricing
Solo/Small Firm
1-5 lawyers
$800 - $1,500/year
Coverage: Up to $500K
Mid-Size Firm
6-25 lawyers
$2,000 - $5,000/year
Coverage: Up to $2M
Large Firm
25+ lawyers
$8,000 - $25,000+/year
Coverage: Up to $10M
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