Leading Berkshire conveyancers, Gordons Property Lawyers,  implement Lawyer Checker into their risk management

Leading Berkshire conveyancers, Gordons Property Lawyers, implement Lawyer Checker into their risk management

Maidenhead conveyancers, Gordons Property Lawyers (GPL) have decided to beat the bogus law firms and combat criminal conveyancers through the introduction of Lawyer Checker into their due diligence processes. They, along with over 2000 conveyancing firms who are also registered to use the service, acknowledge that the threat from cyber-crime is a very real and true one.

They are right. In 2014, the SRA received 701 reports on Bogus Law firms, representing a 28% increase on 2013 and a 101% increase on 2012.

Last year the SRA published 183 alerts to the law firm community with regard to the identification of bogus law firms. The body has spent the last three years warning the industry about the threat of cybercrime. This very real risk has not eased; criminals are using increasingly sophisticated methods to obtain money or sensitive information fraudulently.

Paul Philip, the Solicitors Regulation Authority (SRA) Chief Executive, said:

“Law firm client accounts are being targeted and solicitors and their clients are suffering disruption and potential loss. It is essential that firms understand the risks and take precautions to avoid falling victim to these attacks. This is an issue that is not going away.

“This is obvious not just from the reports we are receiving direct from law firms and members of the public, but also in our discussions with local law societies.”

This information is scary for both the general public and law firms alike. Criminal gangs are after mortgage and buyers’ monies in property transactions and they are clever. Nevertheless, whilst they may well know how to steal the identity of a firm and of a hard working honest conveyancer, there is one thing that they cannot infiltrate or steal – the bank account number and sort code of a firm’s client account. What is Lawyer Checker and how does it work? An established and now well-known risk and fraud management service, Lawyer Checker’s Account and Entity Screen (AES) provides conveyancers with enhanced risk management in property purchase fund transmission. The service checks the bank details, the account number and the sort code, given by the seller’s conveyancer against its unique database.

The team at Gordons are dedicated to placing their clients first; especially the protection of client money. They are community and client focussed with a very clear and transparent approach to their business. This includes ensuring their clients understand the full transactional process – even the potential pitfalls.

Through the implementation of Lawyer Checker, Gordons place themselves in pole position to prevent this fraud from happening. Their expert team are now able to make an informed decision alongside their nominated COLP (Compliance Officer of Legal Practice) as to whether the account provided is a legitimate one.

Commenting on the introduction of this enhanced procedure, Kerry Davies Customer Experience Director says: 

“GPL are committed to offering the best possible conveyancing service to all our clients. This not only means ensuring a client knows exactly what is happening in their transaction at any given time, but that their hard earned money is protected. We do this by using Lawyer Checker. Given the amount of differing types of fraud we are seeing in the conveyancing market, Lawyer Checker gives us peace of mind that we are dealing with genuine solicitors. We undertake two searches, one at the start of the transaction and a further check prior to exchange. This gives us time to investigate any possible discrepancies that may arise before we complete. We care about our clients’ money and protecting both GPL and our client against fraud. GPL’s use of Lawyer Checker enables us to demonstrate this.”

For more information see www.gplawyers.co.uk and www.lawyerchecker.co.uk

Lawyer Checker

http://www.lawyerchecker.co.uk

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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

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