Sophisticated criminals are increasingly targeting firms of solicitors with so-called ‘Friday afternoon’ frauds.
The Solicitors Regulation Authority (SRA) reported in March that it is receiving four reports a month of solicitors falling victim to these scams, which tend to involve a combination of identity fraud and cyber techniques, such as hacking and spear phishing.
The term Friday afternoon fraud has helped raise the profile of these types of scam – but it is important to note that they are certainly not confined to Friday afternoons, so firms and their employees must be vigilant at all times. Continue reading “Beating ‘Friday afternoon’ fraud”