Law firms handle sensitive information, from client records and case strategies to proprietary data. This information could lead to severe legal, financial, and reputational damage if compromised.
The American Bar Association (ABA) underscores the importance of safeguarding this information through requirements like Rule 1.6, which mandates that lawyers make reasonable efforts to prevent unauthorized access or disclosure of client information. Additionally, the ABA has issued several ethics opinions on cybersecurity, including Resolution 109, which encourages firms to “develop, implement, and maintain an appropriate cybersecurity program.” The security of your information systems is crucial for meeting industry standards and legal requirements and safeguarding your firm and protecting your clients.
How KraftCPAs can help
At KraftCPAs, our risk assurance and advisory services (RAAS) practice members understand the unique challenges legal professionals face. We offer specialized IT audit and risk management services designed to enhance the security of your firm’s information systems. Our services can help you reduce risk, maintain data security, meet compliance requirements, and provide independent assurance to your clients.
Where to start
With the increasing prevalence of security questionnaires and cyber insurance requirements, it is crucial to demonstrate the implementation of robust security practices.
Unsure where to begin? No problem.
Our team has extensive experience assisting organizations in initiating
their cybersecurity journey. Based on our experience, the most effective initial step is conducting a high-level assessment of your firm’s cybersecurity maturity. Our cost-effective cybersecurity maturity assessments deliver high-value results. They are designed to help firms identify high-risk gaps in their security environment, evaluate alignment with industry standards and best practices, and provide strategic guidance on resolving and prioritizing identified gaps.
If your firm is confident in its existing security program but is seeking assurance regarding its effectiveness, we can also assist with that. Many of the firms we collaborate with are required by their clients, insurance providers, and other business partners to furnish information on their security practices or demonstrate compliance with specific frameworks and industry standards.
Here are some of the ways we support our clients:
- Comprehensive security assessments: We conduct in-depth evaluations of your firm’s cybersecurity measures, identify potential threats, and recommend strategies to enhance data protection. Evaluations include vulnerability scanning, penetration testing, and social engineering.
- Independent assurance: We perform system and organization controls (SOC) 1, SOC 2, and SOC 3 attestations, demonstrating your firm’s commitment to the security of your client’s information.
- Compliance reviews: Our experts ensure that your IT systems comply with relevant legal and regulatory requirements, such as general data protection (GDPR), Health Insurance Portability and Accountability Act (HIPAA), Tennessee Information Protection Act (TIPA), and other data protection laws.
- Data management and availability: We evaluate your data storage, backup, and recovery processes, ensuring that your data is secure and easily accessible when needed.
KraftCPAs has long-standing relationships with Nashville’s attorneys and law firms, providing traditional tax, audit, and accounting services. We also help firms identify Information technology (IT) and information security risks and consult on appropriate safeguards to protect their business and clients.
At KraftCPAs, we are committed to helping firms leverage technology to achieve their business goals while providing a secure and compliant IT environment. IT risk management practices, including security assessments and compliance reviews, can help your firm protect sensitive client information, adhere to legal requirements, and reduce the risk of cyber threats and data breaches. This empowers legal professionals to focus on what they do best — serving their clients.
Erica Hightower
KraftCPAs
[email protected]
615-915-6605
