Counting the cost in 2014: what is the true cost of poor risk management in law firms?

Print This Post

12 February 2015


Lawyer Checker2002014 is well and truly behind us now as 2015 is moving apace. It’s an election year and lots of changes afoot in the conveyancing industry, but one thing remains a constant – the threat of the bogus lawyer and criminal led ‘firm’.

As the Lawyer Checker infographic shows; 2014 saw a huge rise in criminal activity. Firm’s good names were hijacked and staff infiltrated. There does not seem to have been any change in 2015 with more and more firms targeted with high profile law names being beleaguered daily and weekly.

Bogus firms, email hijacking, band fraud and identity theft through cyber-crime continue to be very real threats as we race through 2015.

How do you protect client money and protect your firm and staff?

To view the infographic, please click here.



Associate News is provided by Legal Futures Associates.
Find out about becoming an Associate



Legal Futures Blog

How to protect your firm from ransomware

Adam Curtis Hoowla

One news item has dominated the headlines over the last week – cyber-attacks and, in particular, the WannaCry ransomware. It is a well-known and well-documented fact that the legal industry, and conveyancing in particular, can be a vulnerable and high value target. This ranges from property hijacking – where fraudsters pose as legitimate owners of a property and sell it on without the real owner’s knowledge – to ‘Friday afternoon fraud’, with criminals contacting a busy law firm to ‘update’ their bank details to redirect funds.

May 22nd, 2017