The Solicitors Regulations Authority (SRA) has revealed that cybercrime activity affecting law firms has escalated.
Despite the awareness of money laundering, it is becoming all too frequent for both Solicitors and clients.
Common cases show hackers intercepting emails between a Solicitor and a client and advising the client to use alterative bank details for a particular reason. The monies are then transferred directly into the hacker’s account posing as the Solicitor.
This is becoming a common occurrence and all clients should be as vigilant as possible when taking instructions on how and where to pay money during a transaction. It is important to check with the Solicitor, the bank details to send the funds to and not necessarily accept a change to these without confirming with the Solicitor and acting cautiously.
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