One in four law firms has fallen victim to a cyber attack or fraud within the last 12 months, with London legal eagles among those most at risk, figures out today reveal.
The NatWest 2017 Legal Benchmark Report found 24 per cent of firms had suffered this sort of loss in the last year, and that rose to more than a third (36 per cent) among London-based firms.
However, firms in the north east and the north west topped the rankings for cyber crime or fraud incidents, with 37 per cent reporting they had fallen foul of a wrongdoer. On the other hand, just nine per cent of Scottish lawyers said the same.
The study stressed it was crucial lawyers did their upmost to protect data, particularly given the hefty client deposits they often held. The bank discovered the 269 firms it surveyed held £2.3bn in client cash.