Cybercrime is an ongoing security threat, and as is often reported in the media, the prime targets are banks, professional services firms and other high-profile businesses around the world. Solicitors have been specifically targeted by cybercriminals because they often hold large sums of money in their client bank accounts.
Professional indemnity insurance (PII) policies have been providing cover for solicitors in relation to claims by clients for negligence or other similar wrongdoing for years, but what does a solicitor do if a client bank account is significantly depleted as a result of cybercrime, such as phishing?
Cybercrime is an ongoing security threat, and as is often reported in the media, the prime targets are banks, professional services firms and other high-profile businesses around the world. Solicitors have been specifically targeted by cybercriminals because they often hold large sums of money in their client bank accounts.
Professional indemnity insurance (PII) policies have been providing cover for solicitors in relation to claims by clients for negligence or other similar wrongdoing for years, but what does a solicitor do if a client bank account is significantly depleted as a result of cybercrime, such as phishing?
