In this episode, Alay and Ryan discuss: 

  • Small law firms are increasingly victims of cybercrime.
  • How ransomware and other cyber attacks can happen.
  • Cyber insurance and how it can help. 

 

Key Takeaways: 

  • Small law firms are increasingly the victims of cybercrime, but we don’t hear about it because it’s not even news anymore.
  • Cyberattacks happen with no warning.
  • Most cyber attacks happen because of compromised email. 
  • 29% of firms that have a ransomware attack do not get all of their data back, even when the ransom is paid. 

 

Tweetable Moments:

  • “The small-, medium-sized firms are more at risk than the bigger ones because they don’t have the ways, means, and budgets to put protections in place. So they’re actually an easier target.” —  Ryan Cummings
  • “You definitely want to take the steps to get your IT up to speed, so that you at least are secure and safe in that regard.” —  Alay Yajnik
  • “If [hackers] were to release [a law firm’s] client and case data out into the internet, it would be devastating.” —  Ryan Cummings
  • “I wish I could say that in the coming years, it’s going to become less and less necessary because security is going to improve on software and devices. But I think the exact opposite is going to happen. It’s going to be easier and easier for them to do this kind of thing.” —  Alay Yajnik

 

 

About Ryan Cummings:

Ryan has been in the commercial insurance industry since 2004. He started out working for Zurich Insurance dealing with small to medium businesses. Ryan started his own agency in 2009 so that he could offer his small law firm clients options based on what best fit their needs and budget.

 

 

Connect with Ryan Cummings: 

Website: www.frontierbayins.com 

Email: ryan@frontierbayins.com 

LinkedIn: https://www.linkedin.com/in/ryan-cummings-16945730/ 

 

Connect with Alay Yajnik: 

Website: LawyerBusinessAdvantage.com

One Page Strategic Plan: LawFirmSuccessGroup.com

Email: Alay@YajnikGroup.com

LinkedIn: linkedin.com/in/alayyajnik