OneSearch Direct, one of the largest local search data companies in the UK, has partnered with Lawyer Checker to provide a free webinar for property lawyers and conveyancers to address cybercrime concerns revealed in its recent industry-wide survey.
Within the survey, of which results were launched on 3rd February, cybercrime/ID theft was identified as the biggest concern for conveyancers, with 83% of respondents stating they are either “concerned” or “very concerned”. 80% responded similarly regarding money laundering/corruption. The webinar will provide an overview on how to help combat funds transfer fraud with an added check in validating clients’ source of funds.
Taking place on Thursday 27th February at 11:00am, the free webinar will examine the Consumer Bank Account Checker and covers the following topics:
- Risk overview
- Case Studies
- Examples of where CBAC can protect law firms
- How the search works
- Understanding your result
Lidia Quinlan, Head of Sales, OneSearch Direct, comments: “We’re so pleased to add Consumer Bank Account Checker to our range of products which help protect against cybercrime and ID theft. There’s no getting away from its necessity, as residential conveyancing is an increasingly lucrative target for criminals; the results from our industry survey only reinforces lawyers’ concerns around this. According to the SRA, the average loss is £60k of client money for successful cybercrime attacks, and the cost to firms ranges from £4k-£22k.
“Many firms already have a process in place to ensure funds are remitted to the client’s bank account, but what happens if this process breaks? There are many ways a process could be compromised, from human error to client impersonation. CBAC is an extra step to protect your firm against the devastating effects of fraud and, in my opinion, is a must for all involved in conveyancing.”
Tom Lyes, Key Relationship Manager, Lawyer Checker comments: “We are delighted to extend our relationship with OneSearch Direct, which will enable customers to conveniently order Consumer Bank Account Checker direct from the OneSearch ordering system. We know that criminals have increasingly targeted the journey of money from law firm to client and we believe this product provides an important layer of protection for firms against this threat.”
The one-hour webinar will be allocated on a first-come, first-served basis. To register for FREE, please click here.
Free Cyber Risk Report
OneSearch Direct are also offering all customers a FREE cyber risk report to help identify areas of weaknesses that can be strengthened quickly without significant infrastructure changes. Please click here for more details.
For more information on OneSearch Direct, please visit www.onesearch.direct or call 0800 052 0117.