We have also included helpful real-life case studies, which were kindly shared by members of the profession.

Guidance on preventing fraud

Law Society Committees have published useful guidance that can help you to reduce the risk of fraud against your account.

• Cyber-security - mitigating the risks
• Crypto-ransomware – guidance for firms
• Misappropriation by employees in solicitors’ practices
• Secure email systems - encryption
• Spear Phishing – the latest threat

Based on a number of factors - including applicable laws, your IT environment and the advices of your cybersecurity/IT expert - you should consider drawing up a cybersecurity policy and business continuity plan.

• A cybersecurity policy gives structure to your preventative approach, which might include regular IT updates and annual staff training. 
• A business continuity plan provides a framework for you to consider your firm's response in the event of an attack or other critical incident affecting the business. 

Case studies

Colleagues nationwide have shared examples of attempted and successful frauds against their firms. Protect yourself by seeing how criminals are operating in practice.

• ‘Friday afternoon’ fraud
• Increase in scam emails purporting to enclose Memorandum of Sales
• ‘UK Practice’ seeks services in unusual circumstances