Dodging a business email compromise bullet image

Dodged a $150K Bullet: How Law Firms Can Avoid Email Compromise

Matt KinseyGeneral

Ever feel like your inbox is a minefield of phishing scams and shady requests? For law firms, it’s less a feeling and more a daily reality. You’re holding onto sensitive client data, managing high-value transactions, and basically waving a flag that says, “Come at me, cybercriminals!” And guess what? They are.

Just ask the Ponte Vedra law firm who recently stared down a $150,000 loss thanks to a clever scheme. Scammers compromised email accounts, set up sneaky email forwarding rules to intercept bank communications, and then impersonated firm members to authorize a wire transfer. Yikes!

Luckily, quick thinking and a good bank connection saved the day. But this close call is a blaring siren for all law firms: your email security needs a serious upgrade.

So, what can you do to avoid becoming the next victim? Here’s a lawyer-friendly checklist:

  • Treat Passwords Like Secrets (Because They Are): Change them frequently, and make them strong enough to make a cybersecurity expert proud. Avoid using “Password123” or your dog’s name (unless your dog’s name is something unpronounceable in Klingon).
  • Multi-Factor Authentication (MFA): Your Digital Bouncer: Enable MFA on everything, especially email and banking portals. Think of it as adding a fingerprint scanner to your front door.
  • Email Rule Vigilance: The Marie Kondo of Your Inbox: Regularly review those email rules. Anything shady lurking there? Delete it faster than you can say “objection!”
  • Limit Admin Access: Less is more. The fewer administrators in your Office 365 account, the less chance of someone gaining wide access.
  • Cybersecurity Training: Turn Your Staff into Superheroes: Train your staff to spot phishing attempts, recognize suspicious activity, and understand the importance of security protocols. Think of them as the first line of defense.
  • IT System Sweeps: Regularly check with your IT Department to conduct thorough sweeps for malware and ensure that no unauthorized email rules are in place to redirect sensitive communications.
  • Positive Pay and Wire Transfer Policies: Use bank resources that confirm transactions and strongly consider requiring all wire transfers to be done in person.

Here’s where IT Fusion comes in (because we can’t resist a shameless plug).

We get it. You’re lawyers, not IT gurus. That’s why we’re here. At IT Fusion, we specialize in helping law firms like yours fortify their defenses against cyberattacks. We can assist with the technical heavy lifting of implementing robust security measures like MFA, setting up proper email security configurations, and performing regular system sweeps.

And more importantly, we provide ongoing cybersecurity training for your entire staff. We’ll teach them how to spot the latest phishing scams, recognize suspicious activity, and become genuine cyber-warriors.

Don’t wait for a near-miss to realize your email security needs a boost. Contact IT Fusion today. We’ll help you sleep soundly, knowing your firm is protected from the ever-evolving threats lurking in the digital world. Because, frankly, you have bigger fish to fry (like winning cases!).