Fraud Warning: Unauthorized Access to Trust Accounts
The Law Society has recently become aware of the unauthorized electronic access of a firm’s trust account by an outside source. An investigation by the financial institution’s Fraud Investigation Services has confirmed that the suspicious activity on the firm’s trust account was in fact “fraudulent” and that the “hacker” most likely obtained the firm’s financial information through “phishing” e-mails or a virus on one of the firm computers used for online banking.
It is recommended that firms take the necessary precautions to ensure that all firm computers contain malware/spyware protection in addition to existing antivirus protections.
Law Society of Newfoundland and Labrador