With a rise in wire scams targeting law firms and their clients, LAWPRO has shared a must-view program for lawyers and legal staff to combat the threat.
Experts share an update on the ways defrauders are tricking lawyers and legal staff, along with easy-to-implement tips to avoid the nightmare scenario in an 83-minute recorded program (embedded below) from Ontario-based professional liability insurer LAWPRO. Program materials are available here, which include information on incident response plans, cybersecurity and wire fraud tips, cyberinsurance, and more. Tips to reduce risk include:
- Implement Robust Computer & Phone Security Practices
- Make & Update Your Incident Response Plan
- Provide Staff Training on Identifying Bad Checks and Phishing Messages (RELATED: Top 10 Tips: Effective Cybersecurity Awareness Training for Law Firm Employees)
- Check Sender Email Addresses
- Check Documents for Manipulation
- Implement Independent Verification on All Wire Payments
- Set Firm Culture for Fraud Prevention
- Stay on Alert
- Ensure You Have Sufficient Cyberinsurance (RELATED: Demystifying Cyber Insurance for Lawyers — On Demand Webinar)
RELATED:
Ask Techie: How Do I Tell If a Wire Transfer Is Legitimate or a Scam? (ABA GP Solo, October 2021)
