Ontario lawyers are being targeted by wire fraud
We are seeing a substantial increase in wire frauds where lawyers are being tricked into sending transaction proceeds to criminals.
We encourage all Ontario lawyers and their staff to sign up for our complimentary CPD program “Avoiding the wire fraud nightmare – what you need to know to protect yourself and your clients” and hear from experts about the latest wire scams and how to stay ahead of them. You will learn tips you can easily implement to help prevent wire fraud and other cyber dangers.
Thursday, December 2, 2021 (9:30 – 11:00 a.m.)
This program is accredited for 1.5 hours Professionalism content, qualifies for LAWPRO’s Risk Management Credit and is being provided in partnership with Toronto Lawyers Association.
Tannis A. Waugh, Tannis A. Waugh Professional Corporation
Mouna Hanna, Dolden Wallace Folick LLP
Ray Leclair, Vice President, Public Affairs, LAWPRO
Victoria Crewe-Nelson, Vice President, Underwriting & Customer Service and Secretary, LAWPRO
Juda Strawczynski, Director, practicePRO, LAWPRO
3 simple things you can do to help avoid these frauds
Call before you click
If you receive instructions from a client, colleague, or other lawyer that involves a change in wire transfer account numbers or relates to a transfer of funds, always pick up the phone and call the individual to verbally confirm those instructions.
Train your lawyers and staff
Make sure all the lawyers and support staff in your firm are aware of the likelihood of spear-phishing attacks and the need to verbally confirm any changes to wire-transfer instructions received by email.
Warn your clients
Alert your clients of the dangers associated with wire fraud and advise them to verbally confirm with your firm any bank account details received by email.