We have, over the years, heard numerous stories of law firms falling victim to fraudsters, not to mention the devastating consequences of such attacks; we outlined one such incident in this article. Now there is a new fraud plaguing the legal sector: CEO Fraud.
In his recent article on the Law Society blog, Oz Alashe describes how an incidence of CEO Fraud unfolded - nearly costing the victim a whopping €500,000 - and goes on to explain what CEO Fraud is, how it works, and measures that can be taken to defend against it.
Criminals have access to your calendar, to all kinds of different information and you have no clue that this is happening
The full article can be viewed here, and is essential reading for all senior partners and accounting staff.