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More than £4 million was stolen from 23 law firms by cyber criminals in the last three years, the Solicitors Regulation Authority has said.

In a conference about cyber crime, the regulator said that during visits to 40 law firms to understand the impact of a cyber attack, they found that firms lost an average of £60,000 of client money in every successful attack.

Two firms, it added, had recorded over 100 cyber attacks apiece in one year, while a total of 31 firms were found to have been successfully targeted by cyber criminals between 2016 and 2019.

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Hannah Roberts

Hannah joined Legal Week in May 2018 after finishing her degree at Kingston University. Her areas of focus are corporate, M&A, private equity and restructuring at UK and City-based US law firms. [email protected]

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