In the July issue of the OSB Bulletin, Leonard DuBoff and Christy King offer new advice regarding the latest scams plaguing lawyers:

For example, one of the newer scams involves someone posing as a real estate buyer and contacting a mortgage broker or real estate agent instead of a lawyer. The broker or agent then refers the buyer to a lawyer, not realizing that the purported buyer is really a scammer. The attorney often knows the mortgage broker or real estate agent and so doesn’t question the legitimacy of the transaction. A variation on the scam occurs where the scammer asks a lawyer in one area of the country to provide a referral to a lawyer in a different region. Some scammers assume the identity of actual attorneys in order to perpetrate the fraud. They claim to be referring a client — often themselves — for claimed legal assistance.

Learning about the latest scams is one way to keep on your toes.  Here are some others:

• Watch or listen to our CLE: Protecting Your Firm and Your Client from Scams, Fraud, and Financial Loss, available on the PLF Web site > Programs on CD/DVD.
• Learn about Perfect Receivables and other fraud prevention services offered by your bank.
• Consider cyber liability coverage (offered at no extra charge under the PLF Excess Coverage Plan).
• Implement a cyber security measures appropriate to your law firm’s needs.
• Stay informed about security issues.

All Rights Reserved Beverly Michaelis (2013)