Understanding the Issues
Legal Services Organisations are directly faced by information security, data privacy, regulatory and compliance challenges in every area of their business. Vital Advisory have worked closely with legal clients from the largest to the smallest businesses within Australia and New Zealand. These partnerships have developed a methodology to analyse compliance obligations, security capabilities, and the genuine threats operations face. This builds an accurate picture of the resilience organisations have to privacy and security events.
Our clients seek to manage their security and risk capabilities within a context of industry-wide challenges:
+ Regulatory and contractual obligations for protecting very large amounts of extremely sensitive and client information
+ Although good technical controls may be in place, the overall posture and awareness relating to information security and cyber threats is often weak
+ Security blindspots, where large volumes of paper-based documentation lack adequate protection
+ Risks associated with teleworking are poorly understood
+ Insecure document exchanges with clients
+ Security questionnaires are a repetitive and burdensome overhead
+ Increasing regulatory compliance obligations which focus upon not just security implementation, but the entire governance approach to risk and information security
+ Client awareness of security threats has matured, so that demonstrating a proactive security posture is essential
Negative outcomes facing Legal Services Organisations
Potential negative outcomes which our clients have been concerned by include:
+ Exfiltration and exposure of client data
+ Being a high-priority target of sophisticated cyber threat actors
+ Business overheads and security risks of uncoordinated and reactive security measures
+ Snowballing compliance obligations and their related overheads
+ Loss of business from a high-profile data exposure or security incident
Our experience in the field has shown that Legal Services organisations experience common pain points in their risk and security strategies:
High priority targets of phishing and cyber-intrusion attempts
Meeting regulator and contractual data privacy and security obligations
Data exposure events carry significantly greater impacts than other businesses
Our clients frequently describe the internal focus of risk management as being upon the negatives of risk – security threats, compliance obligations, implementation costs – rather than seeing the opportunities which can grow from a well structured security strategy:
Coordinated risk response means reduced security spend and overheads. Controls focus upon genuine business requirements
Positive conformance over negative compliance
Compliance activities enhance business, rather than tick boxes. Compliance is streamlined and clearly evidenced
ISO 27001 certification releases staff from security questionnaires when engaging new partners
Legal firm clients of Vital Advisory have accomplished a range of enduring business benefits – from a more comprehensive security capability to effectively demonstrating regulatory compliance and achieving reduced business overheads.
Partnerships with Vital Advisory can be one-time consultancies or ongoing As-A-Service models.
An Experienced Partner for Security Governance
Vital Advisory’s extensive expertise in security and risk governance provides a partnership which backs your staff and allows IT to focus upon core business.
End-to-End Security Management
Security controls cover the full gamut of relevant risks and are governed and monitored throughout their lifecycle.
Simplified Partner Onboarding
Complex and time consuming security questionnaires are removed from the equation of doing business.