A new survey has revealed that three quarters of law firms are still not ready for the EU general data protection regulation (GDPR) which comes into force in May 2018.
The survey of 150 IT decision makers in the legal sector, conducted by IT provider, CenturyLink, also found that one in five law firms admitted to experiencing an attempted cyber-attack in the last month and that less than a third of IT directors felt they were compliant with all cyber-security legislation
From May 2018, any firms found to be breaching GDPR rules will face hefty fines of up to €20 million or 4 per cent of their turnover.
In addition to fines, data protection failures could also be punished with sanctions by the Solicitors Regulation Authority.
The research suggested that use of the cloud by law firms could help improve data security as the technology is maintained by the provider.
Recently, in conjunction with ICARIS Sentinel, we hosted a GDPR seminar aimed at encouraging law firms to learn how they can prepare for the changes ahead.
If you were unable to attend, slides from our seminar are available to view here and if you would like to share the importance of preparing for GDPR with your clients, we have produced a free guide which is available to download.
We have also produced a myth-busting quiz which will separate fact from fiction and help explain the ramifications of the new regulations.