Hundreds of thousands of dollars are being scammed from law firms because of fake wire instructions.
You can prevent this fraud through the use of secured email.
- Always use a secure domain. Email services such as AOL, Gmail, and Yahoo are easy targets for hackers.
- Check email addresses for accuracy. In many cases, a fraudulent email is close, but not the correct address.
- Do not accept changes in wiring instructions made via email.
- All wiring instructions should be verified, preferably in person or by a telephone call that you initiate using contact information from your file (not from an email that may be fraudulent).
- Here is a sample disclaimer to use when you transmit wiring instructions:
IF YOU RECEIVE
NEW WIRING INSTRUCTIONS ON THIS TRANSACTION
PLEASE NOTIFY ME IMMEDIATELY
THE SMITH JONES LAW FIRM
DOES NOT ALTER ITS WIRING INSTRUCTIONS