Nov. 9, 2016
Lawyers, accountants, and doctors all fall under the term 'information fiduciary' because they collect personal information and have a responsibility to protect that information. They are liable if that information were to fall into someone’s hands that could pose a threat to the individuals they collected it from. The ABA says that Lawyers have an ethical and legal obligation “to develop, implement, and maintain an appropriate cybersecurity program.”
If you need help, get help. The ethical rules dictate that professionals acknowledge that if they have technology limitations they need to obtain appropriate expertise. Whether or not you decide to take action on prevention always consider cybersecurity insurance as a fail safe.
For more information regarding this topic please follow the links below to some great articles.
Cindy Wiedman, founded Wiedman Insurance Services, LLC (LiabilityPro Insurance Advisors*) August 1, 2014. Cindy is a Registered Professional Liability Underwriter (RPLU) and has designed and administered professional liability insurance programs over a 35-year career working for various insurance administrators in the Midwest such as Shand Morahan & Company, Kirke Van Orsdel, Marsh and Lockton Affinity.
*Currently working with investment advisory businesses domiciled in Iowa, Minnesota, Kansas, Illinois and Nebraska.