Panel discussion at this 3-day legal event in the USA reviews the continued issue of data breaches and suggests ways to prevent them.
LAS VEGAS - March 6, 2023 - PRLog -- In today's digital age, it's no secret that data privacy has become a controversial topic. Data selling and collection for advertisement purposes, data tracking, and many other reasons have become a major legal concern, especially for Big Data companies. Scammers have infiltrated these data hubs and caused a growing concern globally, through data breaches. By gaining unauthorized access to sensitive data such as personal and financial information, scammers utilize data breaches to cause identity theft, fraudulent charges, and major financial losses.
In the past year alone, legal professionals have lost over $200 million to scam offenses. To address the urgent issue of security and data privacy, the Law 2.0 Conference presented a series of reviews focusing on data breaches in the legal sector. One of the Law 2.0 Conference's panel discussions planned on December 19-21, 2022 at Mandalay Bay, Las Vegas, USA, highlighted some of the most common ways of data breaches.
● Phishing attacks, although preventable, seem to be the most common tactic used by scammers to access user data.
● Scammers have been known to commonly make use of malware to monitor user activity and steal data.
● Weak passwords can also lead to data breaches. Through brute attacks and password guessing using algorithms, user data is accessible to scammers with minimal effort.
The legal industry is amongst the most vulnerable when it comes to data breaches. With the vast amount of sensitive client data stored by law firms, scammers choose to infiltrate these firms and cause major financial and personal losses, reviews one of the Law 2.0 Conference's panelists. Law firms, in case of a data breach, not only incur financial losses but also reputational damage. Clients may choose not to deal with a firm, vulnerable to data breaches and scam offenses. Word-of-mouth referrals, a major advertising factor for law firms, can be heavily affected in the case of a data breach.
One of the panelists of the Law 2.0 Conference reviewed how attorneys suffer not from only financial damage but also a heavy loss of privacy. With their personal data such as social security numbers and credit card information leaking out to scammers, a variety of issues can arise. Law 2.0 Conference encourages legal professionals to take the initiative to safeguard their practices and increase awareness of the growing prevalence of scams within the industry.
Attending the Law 2.0 Conference in 2023 scheduled in the USA can be key in staying up to date on the latest scam tactics and prevention measures being adopted!
Law 2.0 Conference
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