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Nearly 500 law firms targeted by fraudsters in new email scam

Nearly 500 law firms targeted by fraudsters in new email scam

Scammers have attempted to infiltrate the IT systems of hundreds of firms, the Solicitors Regulation Authority has reported.

The regulator said it has seen increasing reports of attempted cyber-crime and warned solicitors to be wary of falling victim.

Firms have reported being sent emails saying their services are required: after they respond, the scammers send attachments or links to websites.These attachments and links might contain malware which allows the perpetrators to control or undermine IT systems.

Once malware is on a system, it can record everything typed over a long period to obtain passwords or financial details, copy or modify data on the system, and allow hackers to get into the firm's network.

Firms are advised to use cloud-based computing for storing, accessing and processing information and to inform the police and SRA immediately if they have been contacted via these emails.

In 2016 the SRA had reports of around £7m of client money being lost to cyber-crime. Almost half of all cyber attacks are aimed at small businesses.

Source: Law Gazzette

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