Janardhan NWhat would happen if your law firm’s most sensitive client data were stolen and exposed on the dark web for anyone to see?
This has actually happened in 2023 with HWL Ebsworth, one of Australia’s largest law firms. The Russian-linked group ALPHV/Blackcat breached their systems and compromised over 2 million files, including sensitive client data.
And it’s not just them. Statistics show that 40% of law firms reported a security breach last year, with ransomware attacks rising by 11%.
Without cyber insurance, the financial impact of these attacks can be devastating. A breach can cost a law firm millions of dollars, not to mention the damage to client relationships and brand trust.
Mitigata – Leading Cyber Insurance Partner for Law Firms
For a law firm, we understand the importance of the confidentiality of your clients’ information. With cyberattacks on the rise, getting the right cyber insurance is very important.
Mitigata provides comprehensive cyber insurance coverage that is customized to the specific requirements of your firm.
What Makes Us Different from others…
| Feature | Mitigata | Other Providers |
|---|---|---|
| In-house security console | ✅ Yes | ❌ Rarely |
| Phishing simulation & training | ✅ Yes | ❌ No |
| Dark web monitoring | ✅ Yes | ❌ No |
| 24/7 expert response team | ✅ Yes | ✅ Limited |
| Transparent pricing | ✅ Yes | ❌ Hidden fees |
| Fast, hassle-free claims | ✅ Yes | ❌ Lengthy |
| Coverage built for law firms | ✅ Yes | ❌ Generic |
Our Coverage Includes:
- Data Breach Costs: Covers investigation, client notifications, and monitoring to protect your firm’s reputation.
- Business Interruption Losses: Keeps your income safe during unexpected downtime caused by a cyberattack.
- Cyber Extortion: We cover ransomware demands and provide support for negotiating and responding to cyber extortionists.
- Data Restoration: Assists in recovering lost or damaged files to minimize disruption.
- Regulatory Penalties: We cover fines for non-compliance with data protection laws such as GDPR.
- Legal Costs: Covers legal defense if a breach results in a lawsuit or regulatory inquiry.
- Identity Theft Support: Provides assistance if your clients’ data is used for fraud.
- Reputation Management: PR services to help rebuild trust with clients after an attack.
Protect Your Law Firm for today at just ₹49,000/year*
Our full-stack cyber resilience approach protects your law firm while giving you exclusive tools for phishing simulations, dark web monitoring, and attack alerts
Common Cyber Risks Faced by Law Firms
Law firms carry a goldmine of information – client records, financial data, and intellectual property. Cybercriminals know it too, which is why these are the most common cyber risks law firms face every day:
1. Phishing and Business Email Compromise (BEC)
Phishing is still the easiest way hackers trick employees. They pose as clients or colleagues, drop a malicious link, and wait for someone to click. BEC takes it a step further – hackers break into company email accounts and use them to steal money or sensitive files.
In one case, a major US law firm lost $500,000 after hackers sent fake invoices through a compromised email.
2. Ransomware Attacks
Few things stop a law firm cold like ransomware. It happens when hackers lock files and demand a ransom to release them.
A similar case happened to a top UK law firm in 2023, when it was forced to shut down for days after such an attack. As a result, they not only lost money but also bore the cost of downtime.
3. Insider Threats
Not every risk comes from the outside. Sometimes it’s employees or contractors misusing their access – whether it’s intentional theft of confidential data or a careless mistake that opens the door to attackers. Either way, insiders can cause as much damage as any hacker.
4. Weak Passwords and Access Control
Weak passwords are an easy entry point for cybercriminals. Reused logins, no multi-factor authentication, and shared credentials make it easy for attackers to walk in.
Verizon’s report links weak passwords to most data breaches – something as basic as password discipline is still overlooked.
Complete Cyber Protection for Law Firms ₹49,000/Year*
5. Supply Chain and Third-Party Risk
Law firms depend on vendors: cloud platforms, IT providers, and document tools. But if even one of them is breached, attackers can use it as a backdoor into your systems. In one case, a law firm’s client data was exposed because of a third-party provider’s lapse. You can lock down your network, but your weakest vendor still leaves you exposed.6. Advanced Persistent Threats (APTs)
APTs are targeted, long-term cyberattacks in which hackers penetrate a law firm’s system and remain undetected for months or years. These attacks steal sensitive information, such as intellectual property, client information, or legal approaches. APT hackers are sometimes extremely skilled, using several entry points to maintain access for long periods of time.7. Denial of Service (DDoS) Attacks
A Distributed Denial of Service (DDoS) attack does not steal data; rather, it overloads your systems with fake traffic until they crash. While DDoS attacks don’t steal data, they can still hamper a company’s operations. When a law firm’s website or email system goes down, clients are unable to view essential documents or communicate with their lawyers.8. AI-driven Attacks
Hackers are now using AI as their weapon. It can write convincing phishing emails, scan for vulnerabilities faster than humans, and scrape data at scale. AI makes attacks smarter, faster, and harder to spot.Looking to buy cyber insurance? Check out our expertly curated list of top cyber insurance companies in India.
Importance of Cyber Insurance for Law Firms
Most law firms go after general liability, professional indemnity, or property insurance. But here’s the catch: none of them address cyber risks.If your systems are breached, your policies will not cover data recovery, client notifications, ransom demands, or regulatory fines.
Cyber insurance protects against the financial consequences of a cyberattack. This includes costs for data recovery, legal defense, fines, and even business interruption.
In one real-world example, a UK law firm was hit by a ransomware attack, which resulted in confidential client data being stolen and leaked online.
Rather than paying the ransom, the company used its cyber insurance, which quickly engaged expert support. The policy covered the costs of forensic investigations, attorney fees, and even the removal of stolen files from a file-sharing website.
Did you know it is predicted that cybercrime losses in India are going to reach $200 billion in 2025. Learn more about cyber insurance and why it’s getting popular in India
Conclusion
Cyber attacks on law firms are growing, and the damage goes far beyond money. They threaten client trust, disrupt cases, and put a firm’s future on the line. Traditional insurance doesn’t cover these risks, but cyber insurance does.Mitigata offers both protection and prevention – coverage that pays when needed and tools that lower your risk every day.
Contact Mitigata now to get the protection your law firm needs.
