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Navigating the Risks and Opportunities of ChatGPT

By Greg Hatcher
May 01, 2023

According to business insurance company Embroker, "Cybercrime, which includes everything from theft or embezzlement to data hacking and destruction, is up 600% as a result of the COVID-19 pandemic." Accenture's Cost of Cybercrime Study has found that 43% of these attacks target small businesses, only 14% of which have the tools to defend themselves.

Indeed, the vast majority of companies don't even realize they have been penetrated. The World Economic Forum's 2020 Global Risk Report puts the U.S. rate of detection and prosecution at 0.05%.

The legal industry in particular has long been the target of cyberattacks due to its high volume of sensitive data. The American Bar Association's 2021 Legal Technology Survey Report found that 25% of respondents' law firms had suffered a data breach.

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