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In the last few weeks, the Law Society has received reports of cybercriminals calling lawyers pretending to be security or trust safety personnel from the lawyer’s bank. The cybercriminals use social engineering techniques to gain access to the lawyer’s trust account. Once access is gained to the trust account, the cybercriminals use electronic funds transfers to withdraw trust monies. This is a reminder to be suspicious of unexpected emails and telephone calls. If someone calls you and purports to be from your bank, hang up and call your bank back at their main contact number.
Our digital landscape is constantly evolving, and it is crucial to remain vigilant against a wide array of sophisticated cybersecurity threats. In recent years, there has been an alarming rise in social engineering attacks — where cybercriminals disguise themselves as trusted accounts or organizations to deceive unsuspecting recipients — as well as business email compromise attempts, which can result in fraudulent financial transactions and unauthorized access to sensitive data. Lawyers and their trust accounts are high value targets for a variety of types of cybercriminals.
Read more about adopting proactive measures and other resources to consider.
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