Information security must be a top priority for the legal sector, given the vast amounts of sensitive data such organizations process.
Unfortunately, few organizations are doing enough to tackle the threat. According to a 2020 American Bar Association Report, 29% of law firms reported a security breach last year, with another one in five saying they had no incident detection measures and therefore had no way of knowing if they had been breached.
So what can organizations do to tackle these risks? Many are turning to ISO 27001, the international standard for information security.
ISO 27001 certification is increasingly demanded of law firms when tendering for major projects. That’s because the Standard provides a proven framework that ensures that organizations are doing everything they can to mitigate security risks.
What is ISO 27001?
ISO 27001 sets out the requirements for an ISMS (information security management system), which is a set of best practices designed to protect the confidentiality, integrity, and availability of an organization’s data.
It covers all corporate data – including financial information, intellectual property, employee details, and information managed by third parties – and can be adapted to fit organizations of any size and in any sector.
Be proactive about information security
Organizations in the legal sector must recognize that they will be an attractive target for cybercriminals because of the inherently sensitive data they process.
This includes corporate legal and M&A work, litigation and other legal services they perform, but it also covers confidential data that legal teams collect in the course of their work, such as payment card details and tax return records.
In the wrong hands, this information could not affect data subjects, but it could also damage your reputation.
If you’re unable that you keep your clients’ and stakeholders’ data safe, you will find it harder to attract new ones. By contrast, if you demonstrate that you’re ISO 27001-compliant, you will prove yourself to be a trustworthy firm that capable of protecting sensitive data.
Your firm can achieve independently audited certification to the Standard when you implement an ISO 27001-compliant ISMS, demonstrating your firm’s information security credentials to clients, stakeholders, and regulators.
Following certification to the Standard, you can specify that your key suppliers also achieve certification, ensuring that these third parties also maintain suitable levels of security.
Doing so will put your firm in good company, as approximately 40,000 organizations around the world are already certified to ISO 27001.
ISO 27001 compliance with IT Governance
We understand that starting your ISO 27001 compliance journey from scratch can be daunting, which is why we offer a range of solutions to help organizations along the way.
Those looking for a quick, reliable way to certify to the standard should take a look at our ISO 27001 FastTrack™ service.
This turnkey consultancy package is designed to help organizations reach ISO 27001 certification readiness in just three months.
The package includes all the consultancy support you need to help you implement an ISMS quickly and cost-effectively.
An experienced consultant will design, develop, and establish your ISMS, working with you to undertake all the key activities of setting up an ISMS.