The legal and finance experience of cyber-attacks through emails is clearly abundant compared to other industries and the criticality of keeping client’s data safe is of the upmost importance for maintaining your reputation.
We know how tough it can get to manage sensitive client documents such as powers of attorney, client records and even identity information whether it be in physical or digital form. As we know, more businesses are shifting towards digital transformation due to the many benefits including communication speed and less need for physical storage space.
This is great but the constantly rising threat of cyber-attacks cannot be ignored, 60% of law firms reported a cyber-attack in 2017*1, considering these are reported incidents we can only imagine how many went undetected and how much the threat has grown since then.
Protecting your emails especially in the financial services industry is imperative as the losses relate directly to poor cyber and email security. Financial institutions are one of the most at risk for cyber-attacks as 71% of breaches in 2019 were financially motivated*3.
Furthermore 91% of all cyber-attacks start with an email*2 and they can affect a lot more than just an email inbox such as PCs, Remote Workers and business operations. It is clear that proper Email filtering and protection systems are in place and monitored for emails.
Handling Sensitive Documents and Attachments
For both legal and finance sectors emails including attachments of financial data whether it be documents to prove transactions or customer invoices need to be sent to the correct people.
We offer email security to efficiently defend against impersonation attacks known as payload-less attacks which target employees using social engineering techniques rather than malicious links. These tend to trick employees into making mistakes and sending private data to the wrong addresses.
Our unique technology uses machine learning and Ai to identify suspicious content before it reaches the intended target ensuring that spoofing emails are unable to trick employees into replying with highly sensitive data.
Training can be given to employees before they make a mistake as email attacks are constantly becoming more complex and dangerous.
With our Email Protection you can feel confident that our market leading detection of impersonation attacks will keep you and your organisation safe from outsiders impersonating someone you know through a simple and “harmless” email.
By using our Email Protection, you can trust your employees more with their emails to send and receive private information like customer invoices or client wills, making task delegation a little easier.
Automated Solutions
Banking and finance companies are struggling to find the talent needed to improve cyber-resilience as cyber security is becoming highly complex. This is why automated tools which provide cyber protection are being adopted by many companies in the finance and legal sectors.
One of the critical points that needs protection is the email system of an organisation. Hackers love to target a company’s email addresses in order to breach networks, one commonly used attack is the Zero-day attack.
To put it simply this attack involves intruders researching, identifying vulnerabilities and then delivering code which can exploit these vulnerabilities, usually done by email attachments. In the end it results in the intruder gaining complete access to data in order to steal, destroy or encrypt it through ransomware.
Companies will have completely no idea this attack is being carried out until it is complete despite it being lengthy, that is why it is important an automated system is in place to stop these attacks prior to reaching your network.
Rather than worrying about it yourself and searching the four corners of the world for Cyber Security talent to employ to manage your online email system, it makes perfect sense to use a highly reliable and effective automated solution powered by the worlds leading cyber specialists at a much more affordable price.
This is where our revolutionary technology comes into play, we have a proprietary HAP (hardware-assisted platform) which is a dynamic engine that combines computer data and software algorithms to stop unknown threats against your work force.
Rather than detecting the harm after it has been done like any other traditional antivirus, HAP works to patch over the exploitable areas rather than waiting for malware to infect and then deal with it.
This proactive way of dealing with problems ensures no damage can be done compared to a traditional reactive antivirus that will deal with the problem after it occurs ensuring your system cannot be bypassed by a zero-day attack.
This means you can be confident that no potentially harmful software is running in the background of your device to steal and take control of things like client’s records, receipts and tax forms so you can relax and focus on accounting figures or providing top quality services to clients.
Our dashboard shows from the dates 2nd of February to 2nd of March 2022 an accounting company we look after had a 16% incident rate of Malicious and Spam Emails.
By using our Email Protection, you can also have access to your own dashboard and see the figures and results for yourself.
Data Protection Laws
Several laws linked with GDPR and the Data Protection Act 2018 need to be abided by when handling private information of clients. Security is a huge issue for businesses moving more of their operations to the digital world, we understand trying to keep Client data safe whilst staying up to date with the technology of competitors can be difficult, this is why you need 100% assurance that confidential data remains secure when being shared.
Our deployment-ready solutions are designed to differentiate a real email to a Phishing email trying to steal your data. Our recursive unpacker can expose even the most concealed embedded attacks, combined with our Image-Recognition and Threat Intelligence engine we can help you stay within the lines when handling sensitive data. I am sure you know that legally you are expected to take accountability for keeping sensitive data safe, by choosing us to do that for your emails you can take some of the pressure off yourselves and be confident those nasty phishing attacks posing as a genuine company or customer will be exposed and dealt with before they cause any harm.
*1- https://www.corvid.co.uk/blog/law-and-cyber-crime-the-growing-threat
*2- https://perception-point.io/channel-coverage/email-security/
*3 – https://www.verizon.com/business/resources/reports/2019-data-breach-investigations-report.pdf