Increasingly criminals are targeting businesses and individuals including law firms and their clients. Consequently, there is a significant risk posed by cyber fraud specifically affecting email accounts and bank account details.
Typically, the fraudsters pose as a member of staff of the firm and attempt to obtain money under false pretences.
Law firm clients have been targeted by fraudsters informing them that the firm’s bank account details have changed and request that monies owed are transferred to a new bank account (belonging to the fraudster) that has no connection whatsoever with the firm.
In the event that you receive this type of email, please bring it to our attention by contacting our Practice Manager on 01376 552828 or by email at email@example.com.
Steed & Steed LLP advises clients that its bank details WILL NEVER change during the course of a transaction and that it will NEVER change its bank account details via email.
We advise that all clients speak to their lawyer to verify that they have the correct bank account details before transferring funds electronically.
Steed & Steed LLP will not accept liability for any transfer of payments into an incorrect account.
The Solicitors Regulation Authority website (http://www.sra.org.uk/consumers/problems/fraud-dishonesty/scams.page ) provides further information about common types of scams.
If you think that you may have been targeted by a fraudster you can report the matter to the National Fraud Intelligence Bureau (http://www.actionfraud.police.uk/).