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No one is immune to cyberattacks. Every industry and business sector will at some point experience one or have already experienced one.
This includes legal firms, judiciary and organizations involved in asset and wealth management or are HNWI (high-net worth individuals), family offices and venture capital firms.
This includes legal firms, judiciary and organizations involved in asset and wealth management or are HNWI (high-net worth individuals), family offices and venture capital firms.
Common Threat – Business Email Compromise
These industries are prime target for hackers and cybercriminal are always looking to make a quick financial gain. Business Email Compromise (BEC) is one of the most common methods of exploitation, targeting the organization or the supply-chain finance team to direct invoice payments to different bank accounts that the criminals hold.
Major financial theft from BEC is unfortunately becoming a regular occurrence for many organizations in the Middle East and specifically the small to medium enterprises due to the lack of documented and stringent processes in place for such financial activities. Legal and asset management firms are involved in large transactions and given the size and lack of security controls and processes make them a prime target.
Emails can be compromised and if validation is not in place to verify the request (for example, change of bank account of existing supplier) one can easily fall victim thinking the email was legitimate (which it was, but sent by the cybercriminal with a compromised account).
Common Threat – Business Email Compromise
These industries are prime target for hackers and cybercriminal are always looking to make a quick financial gain. Business Email Compromise (BEC) is one of the most common methods of exploitation, targeting the organization or the supply-chain finance team to direct invoice payments to different bank accounts that the criminals hold.
Major financial theft from BEC is unfortunately becoming a regular occurrence for many organizations in the Middle East and specifically the small to medium enterprises due to the lack of documented and stringent processes in place for such financial activities. Legal and asset management firms are involved in large transactions and given the size and lack of security controls and processes make them a prime target.
Emails can be compromised and if validation is not in place to verify the request (for example, change of bank account of existing supplier) one can easily fall victim thinking the email was legitimate (which it was, but sent by the cybercriminal with a compromised account).
Data Protection
By the very nature of what legal firms do, they tend to accumulate highly sensitive and confidential information and intellectual property from clients and representatives. Law firms are increasingly becoming a major challenge for data privacy and protection. Law firms must ensure they abide by breach notification policies and provide confidence to their customers and clients that their data is secure and protected.
Common Challenges faced by Law and Asset Management Firms
- Lack of resources and budget
- Business Email Compromise
- Ransomware Compromise
- Backup and Recovery Impairment
- Personal Data Protection Challengers
- Lack of Separation of Duties
- Insecure Business Processes and Workflows
- Insider Threat and Fraud
- Evidence Tampering – Chain of Custody
- Digital Courts Platform Compromise
How DTS can help the legal and asset management sector
- Digital Courts – Judiciary Security Framework and Risk Management
- Establish cybersecurity policy and guidelines that are aligned towards international security standard
- Establish cybersecurity handbook and guidelines for employees
- Develop an advisory council or committee responsible to oversee cyber risks
- Establish corporate cybersecurity controls organization wide
- Creating a human-centric culture and awareness of cybersecurity
- Robust data protection and governance framework to take control of personal, corporate, and intellectual property data protection
- Streamlined procurement and supply chain security with third-party risk management
- Establish a zero-trust security framework to reduce the external and internal attack surface
Data Protection
By the very nature of what legal firms do, they tend to accumulate highly sensitive and confidential information and intellectual property from clients and representatives. Law firms are increasingly becoming a major challenge for data privacy and protection. Law firms must ensure they abide by breach notification policies and provide confidence to their customers and clients that their data is secure and protected.
Common Challenges faced by Law and Asset Management Firms
- Lack of resources and budget
- Business Email Compromise
- Ransomware Compromise
- Backup and Recovery Impairment
- Personal Data Protection Challengers
- Lack of Separation of Duties
- Insecure Business Processes and Workflows
- Insider Threat and Fraud
- Evidence Tampering – Chain of Custody
- Digital Courts Platform Compromise
How DTS can help the legal and asset management sector
- Digital Courts – Judiciary Security Framework and Risk Management
- Establish cybersecurity policy and guidelines that are aligned towards international security standard
- Establish cybersecurity handbook and guidelines for employees
- Develop an advisory council or committee responsible to oversee cyber risks
- Establish corporate cybersecurity controls organization wide
- Creating a human-centric culture and awareness of cybersecurity
- Robust data protection and governance framework to take control of personal, corporate, and intellectual property data protection
- Streamlined procurement and supply chain security with third-party risk management
- Establish a zero-trust security framework to reduce the external and internal attack surface
Our Services
Our Services
Cybersecurity Program and Framework Development
- Develop Cybersecurity Policies, Processes, Procedures
- Institutionalize Cybersecurity Management System
- Establish Robust Cyber Risk Management Practices
- Ensure Cyber Resilience and Disaster Recovery
- Executive Management Support for Cybersecurity
- Establish Data Governance and Protection Controls
- Establish Identity Governance and Access Management
- Enterprise and Cloud Security Architecture Blueprint
- Enterprise and Cloud Security Strategy
- Cybersecurity Controls Reference Architecture
- Cybersecurity Maturity Enhancement
- Human-Centric Cybersecurity Awareness and Training Program
- High-Performance Cybersecurity Metrics
Cybersecurity
Assessment
- Cybersecurity Risk Assessment
- ISMS Compliance and Gap Assessment
- IT Audit and Health Check
- Data Protection and Security Assessment
- Vulnerability Assessment
- Penetration Testing
- Social Engineering
- OSINT and DARKINT Assessment
- Red Teaming
- Blue Teaming
- Purple Teaming
- Ransomware Simulation
- Network Security Architecture Review
- Network and Security Configuration Assessment
- Systems Security Configuration Assessment
- Third-Party Risk Management
- Supply Chain Security Assessment
- Identity Access Management Assessment
- Privileged User Access Management Assessment
- Database Security Assessment
- IaaS and PaaS Cloud Security Assessment – AWS, Azure, OCI
- SaaS Cloud Security Assessment – Salesforce, Informatica
- Social Media Risk Assessment
- CSOC Cyber Threat Monitoring Risk Assessment
- Secure Software Maturity Assessment
- Business Continuity and Disaster Recovery Assessment
- Attack Simulation Assessment
- Incident Response and Digital Forensic
Cybersecurity
Controls
- Network and Infrastructure Security
- Zero Trust and Private Access
- Endpoint and Server Protection
- Data Protection
- Application Security
- Secure Software and DevSecOps
- Cloud Security
- Identity Governance
- Risk and Compliance
- Security Intelligent Operations
Solutions
Network and Infrastructure Security
Zero Trust and Private Access
Endpoint and Server Protection
Vulnerability and Patch Management
Data Protection
Application Security
Secure Software and DevSecOps
Cloud Security
Identity Access Governance
Governance, Risk and Compliance
Security Intelligence Operations
Incident Response
Accreditations
Accreditations
Dubai
Abu Dhabi Office 7, Floor 14
Makeen Tower, Al Mawkib St.
Al Zahiya Area
Abu Dhabi, UAE
Kuwait Mezzanine Floor, Tower 3
Mohammad Thunayyan Al-Ghanem Street, Jibla
Kuwait City, Kuwait
+971 4 3383365
[email protected]
London 160 Kemp House, City Road
London, EC1V 2NX
United Kingdom
Company Number: 10276574
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