The Conveyancing Association has updated its Cyberfraud and Fraud Protocol to warn members firms of new threats.
The new additions to the guidelines aim to help prevent member firms and their clients from falling victim to fraud and cybercrime.
The updated protocol covers new threats in the areas of vishing, malware, phishing, smishing, cheque fraud, card payment fraud and CEO fraud.
It covers advice on protective measures relating to client identity, change of bank details, funds recipient identity, caller identity, cyber security, cyber insurance, prevention, actions when funds have been fraudulently redirected.
Furthermore, the association offers information on patching firewalls and virus protection, taking out a bespoke cyber insurance policy and providing staff with Wi-Fi dongles rather than allowing them to rely on public Wi-Fi.
Conveyancing Association director of delivery Beth Rudolf comments: “We are very pleased to present this fourth version of our Cyberfraud and Fraud Protocol which provides all conveyancers with up-to-date information on the ways in which fraudsters are targeting them.
“Plus, it updates the prevention measures they can put in place to counter these many and varied threats.”