Almost all UK law firms vulnerable to email fraud

Almost all UK law firms vulnerable to email fraud

Nearly all UK law firms are vulnerable to email fraud. Of the top 100 firms – when tested – only one organisation had adequate measures in place to protect against email scams.

Law firms are now a key target of cybercriminals looking for lucrative prospects, not least because of the amount of sensitive and hugely confidential commercial and private data they hold.

The SRA’s Spring 2018 Risk Outlook (Protecting client money) shows that in 2017 reports of cybercrime increased by over 50%. This highlights the importance of firms putting adequate measures in place to protect both sensitive client information and hard-earned reputations.

Firms who assume any existing IT security solutions will adequately protect them against phishing attacks could be in for a nasty surprise. The financial, and reputational cost of future attacks on the legal sector, could be devastating.

Commenting on the level of risk, Gerry McFall, Commercial Director at Lawyer Checker said: “Lots of firms think their current email systems will protect them. Others simply don’t appreciate the risk. We know that it is easy for seasoned fraudsters to abuse these firms’ email domains, to imitate the firm and send out fraudulent messages to stakeholders and clients outside the business.”

He added: “People are often thought to be the weakest link when considering cyber security, but in this instance, it is the email systems that are being tricked”.

Thankfully, technology is available to stop schemers from being able to use your domain to send fraudulent emails to your employees and clients.

Domain-based message authentication, reporting and conformance (DMARC) technology can help to stamp out email spoofing. It strengthens law firms’ defences against attempts to steal and manipulate client data and monies. Indeed, following its implementation by HMRC, the government agency saw the number of malicious emails drop by a staggering 300 million.

Lawyer Checker – which provides technology and products to help protect lawyers and consumers – has recently launched its OnDMARC service, to help firms secure their email effectively.

To find out more about how to get the support you need to implement OnDMARC confidently and quickly, please click here.

This article was submitted to be published by Lawyer Checker as part of their advertising agreement with Today’s Conveyancer. The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

Lawyer Checker

http://www.lawyerchecker.co.uk

Lawyer Checker announce survey results and Tech Hamper winners

Provider of market-leading risk management solutions to the legal sector.

Lawyer Checker is a leading provider of risk management solutions to the legal sector, offering a full inclusive suite of products and services which have one thing in common – they are all designed to protect and to promote your firm.

Our expert understanding of the legal sector means that we are in a unique position to ensure that your business is protected from the main threats without delay.

We are committed to being proactive when it comes to caring for our clients, and to getting them onto a platform where they are safer.

What does Lawyer Checker do?

Our suite of fraud prevention and cyber security products include:

Thirdfort
Thirdfort is the latest in Lawyer Checker's innovative suite of products helping to defend law firms against the persistent threats lurking in the legal sector, by providing enhanced due diligence to source of funds and ID checks. It uses a mobile app to digitally confirm a client's identity by combining facial recognition technology with document scanning and open banking, enabling you to confidently “Know Your Customer." Find out more >

Account and Entity Screen (AES)
AES provides your firm with enhanced risk management when transferring funds by checking the accounts details of a solicitor you are sending funds to against our unique database. This ensures your client funds are sent to a legitimate bank account associated with the vendor’s conveyancing firm. Find out more >

Consumer Bank Account Checker (CBAC)
CBAC offers enhanced due diligence when remitting sales proceeds and balancing payments to consumers. It works by validating the source and destination of funds by checking the bank account details match your client’s personal details when sending or receiving client funds. Find out more >

OnDMARC
A vital layer in protecting against email modification fraud, OnDMARC can actively block phishing attacks and obstruct 3rd parties impersonating your email domain to any recipient such as your clients, suppliers or employees. Email fraud is a law firm’s biggest risk. To avoid sensitive data being stolen through email impersonation fraud, safeguard your firm by implementing OnDMARC, otherwise anyone can send an email directly to your customers, suppliers or employees pretending to be you. Find out more >

Cyber Certifications

The National Centre for Cyber Security has identified the legal sector as a top target for cyber criminals. The sensitive data, large sums of money and important information that is held needs protecting to avoid severe damage to clients and your reputation.

Cyber Essentials
Cyber Essentials is a ‘must have’ certification for law firms which will protect your business, prevents data breaches and highlights to your customers, your regulators, the ICO and cyber criminals that you take cyber security seriously and shows you have taken the recommended steps to secure yourselves from potential threats. Getting Cyber Essentials certification for your firm is quick and easy, our in-house expert Cyber Essentials Assessors at Lawyer Checker (Part of Practical Vision Network) can conduct your online assessment and issue your certificate in less than 48hrs. For only £350 plus VAT it will give you peace of mind that you have shielded your law firm from cyber risk.

Cyber Essentials Plus
Our professional in-house assessors can issue official certificates to compliant firms for Cyber Essentials Plus, which is the next step up from Cyber Essentials. It covers the same controls but this time it is independently verified by a site visit from our expert assessor who will carry out a thorough inspection of online devices and web hosts through a detailed network vulnerability scan and certify your security arrangements to Cyber Essentials Plus level.

IASME Governance
Our expert in-house assessors can issue official certificates to compliant firms for IASME which includes Cyber Essentials certification along with a GDPR readiness assessment. It signifies to your customers and shareholders that you consider data protection a priority, and your desire to manage risk by demonstrating a high level of security. This certification is particularly suitable for businesses that are working towards ISO27001 and want a stepping stone, or for those that want to align to ISO27001 but perhaps don’t have the budget to go to a full certification.

ISO 27001
Our expert in-house consultants will help your firm prepare for ISO 27001 certification audits. It is internationally recognised as the most comprehensive and detailed accreditation to help embed a healthy security culture within your business. The consultation focuses on all business areas and not just the IT department. Our execution experts can work with you to implement ISO27001 in a way that works for your business and can provide as much or as little support as you need from project plans, document templates to full implementation. Our professional assessors can even help you to book and prepare for your certification audits.

To safeguard your business, use Lawyer Checker’s comprehensive products and services to arm you and your law firm with the right tools and information to be able to obtain the assurances you need to act in the best interests of your clients.


Key contacts:

Heidi Jenkins
Key Relationship Manager at the Practical Vision Network including Lawyer Checker, Solve Legal Marketing and The Move Exchange.
M: 0330 052 7588 E: [email protected]

Mark Siwiec
Business Development Manager (Cyber) at the Practical Vision Network including Lawyer Checker, Solve Legal Marketing and The Move Exchange.
M: 03300529150 E: [email protected]


Address
Suite 4, Wright House, 67 High Street, Tarporley, Cheshire, CW6 0DP

Leave a Reply

Your email address will not be published.

X