Cybersecurity, Wire Fraud, and Attorney Liability: The Growing Risk Landscape

Wire transfer fraud is on the rise, and attorneys are increasingly becoming prime targets for cybercriminals. With billions lost annually to fraudulent transactions, legal professionals who fail to implement robust cybersecurity measures can face negligence and legal malpractice claims from clients. At the same time, not all cyber insurance policies provide coverage for money held on behalf of others such as IOLTA escrow accounts used for transactional purposes, leaving law firms exposed to…
By: Integreon