Fraud Detection in a World of Deepfakes
Firms need to be diligent to avoid being the victim of fraud, particularly when receiving fund transfer instructions from clients via email. The prudent advice provided by law societies and/or lawyer’s insurance when transferring funds is to verify emailed instructions through direct telephone or in-person contact. The telephone contact should be initiated by the firm by using the number on file to avoid the communications being intercepted by a fraudster.
Two recent examples highlight this importance. The Lawyers Indemnity Fund in B.C. recently reported that a firm’s diligent adherence to protocol saved them from a funds transfer fraud. When a . . . [more]


