Only 6% of Law Firms Protect Their Money Transfers
Law firms are failing in their efforts to tackle the rising risk of cyber crime. Even with £millions continuing to be fraudulently redirected, with the associated reputational impact and knock on effect on professional indemnity insurance premiums, most law firms have not implemented even the most basic cyber security measures. The research has been undertaken […]
VPNs Can Put Privacy And Security At Risk
When working remotely, it’s important to have a virtual private network (VPN) which enables you to link to your workplace and pass information back and to over a secure network. However, experts have warned that not all VPNs are as safe and secure as we’d like to think, with some applications exposing their users to surveillance and cyber attacks. Many free […]
Final Roundtable Of 2019 Discusses ‘Three Big People Problems’ Firms Should Consider
Today’s Wills and Probate is excited to host the upcoming and final Roundtable event of 2019, sponsored by Executor Solutions, taking place on 12th November at Shakespeare Martineau in Milton Keynes. Past roundtable events have covered all the pertinent issues affecting the wills and probate sector in 2019 including the changes to the Wills Notification […]
Worrying Cybercrime Threat Facing Charity Industry
Experts predict that one in every six large charities will suffer a cyber attack during the next two years. Nearly a quarter of charities believe cyber crime is a greater risk to the sector than any other sectors, according to the main findings of the largest survey ever undertaken into cybercrime in the UK charity […]
IASME Consortium To Be New Cyber Essentials Partner
It has been announced the IASME will take over the full responsibility for Cyber Essentials delivery from 1st April 2020. This announcement has come on the back of the National Cyber Security Centre (NCSC) conducting an extensive consultation process and making changes to improve the scheme. Having a clearer, more consistent path for customers to […]
Only 6% of Law Firms Are Protected Against Email Spoofing
Law firms are failing in their efforts to tackle the rising risk of cyber crime. Even with £millions continuing to be fraudulently redirected, with the associated reputational impact and knock on effect on professional indemnity insurance premiums, most law firms have not implemented even the most basic cyber security measures. The research has been undertaken […]
Clean Will Banks 8 Times More Profitable Claims Law Firm Heavyweight
Attendees stayed attentive throughout Today’s Wills and Probate’s inaugural Seminar looking at Preparing for Future Success at the Belfry Hotel and Resort in Birmingham. It was held on the 5th anniversary of the publication and attracted over 55 attendees. Colum Smith, co-founder of McMillan Williams, opened the seminar with a look at preparing a Will […]
Perth Man Commits Financial Abuse On Vulnerable Pensioner
An elderly Perth man has been charged with forming a fraudulent scheme after attempting to steal £51,000 from the estate of a 93-year-old local pensioner. 74-year-old, James Heggie, who appeared before the Sheriff Court in private, made no plea and his case has continued due to making further inquiries and was freed on bail in […]
Law Firms Failing To Protect Their Cyber Infrastructure
Law firms are failing in their efforts to tackle the rising risk of cyber crime. Even with £millions continuing to be fraudulently redirected, with the associated reputational impact and knock on effect on professional indemnity insurance premiums, most law firms have not implemented even the most basic cyber security measures. The research has been undertaken […]
Fraudsters Steal £616m In First 6 Months
According to official UK data, the amount of money stolen by criminals through bank transfer scams has risen by 40%. UK Finance say that scammers stole £616m from UK bank customers during the first 6 months of 2019. £208m of this, was stolen by criminals using authorised push payments (APP) fraud. This was a 40% […]
Windows 7 Is Nearing The End
Windows 7 has only 3 months left of extended support from firm Microsoft, as the January 14th 2020 deadline looms closer. What does this mean? The fact that Microsoft are removing their support for Windows 7, doesn’t mean that on 14th January your computer won’t work. It’ll just mean that your computer will be more […]
Email Fraud Targeting Wills And Probate Sector Consumers
Emails claiming to be sent from a law firm in regards to an inheritance issue have been sent to the public as email fraud becomes an ever increasing threat to legal service professionals. Over two thirds of the UK public believe they have been targeted by phishing emails in the last six months. According to […]
Unscrupulous Attorney Jailed For Abusing Her Position
An attorney entrusted with settling the financial affairs of two people she had known for over 20 years has been jailed for abusing her position and stealing over £75,000 between 2013 and 2017. Monica Bailey was deemed ‘wicked’ and ‘greedy’ as she was sentenced to two years in prison for abusing her power of attorney […]
Technology, Legal Service Access And The Impact On Vulnerable People
In recent years, legal technology has grown exponentially with AI integrations, automated services, fully online legal services and the increase in electronic signatures changing the way consumers receive legal services. Whilst technology is widening the access of legal services, how safe is this digital migration for vulnerable people? A Solicitors for the Elderly (SFE) led […]
Protect Your Firm When Transferring Money
With the incessant element of risk whenever money is being transferred, it is crucial that you protect your law firm and your clients from severe damage. The threat is real on the legal sector as the National Centre for Cyber Security confirms the legal industry is the main target for fraudsters. With Hiscox reporting more […]
Regulators Warn Legal Sector Of Impersonation Fraud Attempts
Multiple legal regulators have warned that impersonation fraud and spoofing using highly detailed and sophisticated social engineering techniques is rife in the legal sector at the moment. In the past week both the Council for Licensed Conveyancers (CLC) and the Solicitors Regulation Authority (SRA) have sent out scam alerts warning firms to be on the […]
Free webinar: What happens if your law firm falls victim to a cyber attack?
According to reports, businesses were attacked by cyber criminals on average every 50 seconds between April and June this year. After conducting our own research of 100 law firms, we discovered that 82% of those we spoke to, didn’t have the Government recommended Cyber Essentials Accreditation, leaving the door wide open for criminals to exploit. […]
Banbridge Solicitor Charged With Stealing £73,844
Paul Downey, 62, a solicitor from Mount Royal in Banbridge has been charged at Banbridge Magistrates’ Court with stealing £73,844 from the deceased Catherine Hayes’ estate. As well as being charged with theft, Mr Downey was also charged with four counts of false accounting and nine counts of fraud by abusing his position between 26th […]
More Robust Monitoring Processes Needed To Prevent Pension Fraud
Over £2 billion was pilfered from the pension savings of innocent contributors by unscrupulous advisers in a single year. According to a joint committee’s research into ‘Pension costs and transparency’, too many fraudster masquerading as pension advisers are exploiting older people looking to stretch their pension through investments. Unfortunately, too many pension fraudsters have successfully […]
Charities Lose Millions To Fraud
A UK national fraud reporting centre reveals a breath-taking figure of almost £8m lost by charities to fraud. The staggering figures were exposed after Accountancy firm RSM retrieved the data following a freedom of information request to Action Fraud. Broken down, UK charities had submitted 1,057 reports of fraud which totalled £7.85m in the year […]
