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CNA - Alert: New Scam Targeting Lawyers Wiring Funds

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Lawyers should beware of a sophisticated new hacking scam the FBI refers to as “Business E-mail Compromise.” Lawyers in multiple states have recently reported being victimized by this scam. The hoax targets lawyers who process client funds from their attorney trust accounts. Transactions involving real estate closings or legal settlements are vulnerable to this ploy. Typically, the hacker will impersonate the intended recipient of a payment via e-mail communications and manipulate the lawyer into wiring client funds to a fraudulent bank account. After the funds are fraudulently transferred, the lawyer may be obligated to replace the lost client funds.  Click Here to read more.

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