4 Things You Didn’t Know About Cybersecurity

Halloween is over, but the same can’t be said for the cybersecurity risks that haunt legal every day. With Cybersecurity Awareness Month behind us, it would be nice to pack up data privacy concerns with the fake spiderwebs and trick-or-treat candy buckets of yester-month. 

Modern legal teams know how crucial cybersecurity is. The shift to remote work and the chaos surrounding 2020 led to the FBI receiving more than 2,000 internet crime complaints per day, with growing concerns that global unrest may agitate these numbers. 

But within the spook, there is strategy. LinkSquares and BreachRx banded together to present the Don’t Let Your Cybersecurity Risk Haunt You webinar on Halloween to discuss all things cybersecurity strategy for legal. BreachRx Founder, CEO, and General Counsel Andy Lunsford and LinkSquares Technical Solutions Attorney Heather Loukas cover incident reporting readiness, how to improve your cybersecurity posture, and why contract management is your best defense against the dark arts.

Andy and Heather cover a wide range of topics in this webinar. Here 4 things you didn’t know about cybersecurity that they discuss:  

• 83% of companies have experienced more than one data breach

Many companies think a data breach won’t ever happen to them, but if it does, it will be a one-time deal. As data breaches continue to increase every year, there is more and more evidence that a data breach is no longer a question of “if” but “how many times.”

• Data breaches are up 70% in Q3 vs. Q2

One theory around this is that fewer Q2 incidents may have been related to the distraction of the Russian/Ukrainian war, since many cyber attacks are centralized there.

• The average cost per incident in 2022 is $4.35M

The average cost of a data breach in 2021 was around $4.2M per incident. This is 17% higher than in 2020, according to the Ponemon Cost of a Data Breach Report.

• Practicing incident response plans can save you $2.66M

Tabletop exercises and other incident response plans can help you save millions of dollars (and headaches) with proper planning and repetition.

Watch this on-demand version of Don’t Let Your Cybersecurity Risk Haunt You to learn how you can ward off bad spirits like phishing and malware. 

To learn more about how LinkSquares and BreachRx can help, schedule a demo.