Phishing for trouble: avoiding bank scams

Legal Risk has launched a low-cost online course to help law firms tackle banking scams.

Solicitors regularly handle large sums of money, and the Solicitors Regulation Authority (SRA) are reporting more and more firms falling victim to con artists and thereby risking huge claims on their insurance and resultant hikes in premiums.

Legal Risk partner Francis Dingwall says: “Insurers are getting increasingly concerned about this and we know some insurers are starting to ask firms renewing cover what steps they have taken to educate staff on the risks. So we have designed the course as a simple, cost-effective measure to answer the problem.”