27%
of law firms experienced a 2022 data breach
Law firms are frequent targets of data breaches, given the host of sensitive information that’s attractive to cybercriminals. It’s an ethical obligation to secure client information, as this protects your reputation and prevents financial setbacks from loss of billable hours and regulatory fines. Third parties that your law firm uses to provide products and services need to have risks identified and mitigated.
To follow ABA rules and protect clients, third-party risk management is crucial.
of law firms experienced a 2022 data breach
average cost of a data breach in professional services industry
of law firms lost billable hours due to a breach
Identifying and assessing third-party risks doesn’t have to be overwhelming and manual. With Venminder, small tasks like reminders and emails are automated. Our subject matter experts will review risk assessments, suggest risk ratings, and make recommendations for moving forward.
Venminder’s ongoing monitoring tools make it easy to stay on top of changing vendors risks and implement new controls.
Make informed, risk-based decisions on third parties in common risk areas like cybersecurity and business continuity.
Learn MoreQualified and certified third-party risk experts are available for questions or to assist in guiding your program to success. Includes CISSPs, CPAs, financial risk analysts, paralegals, and more. These experts can help identify risks and offer recommendations.
It's essential to constantly monitor for new and emerging risks. Venminder's risk intelligence uses trusted partners to gather data in risk domains like cybersecurity and privacy.
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Other organizations across industries use Venminder to manage vendors and enhance risk management programs. Hear first hand how Venminder has benefitted organizations with these case studies.
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