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Scam targeting lawyers highlights need for cyber insurance

Tuesday, October 24, 2017 @ 2:14 PM | By Carolyn Gruske

A recent fraud alert issued by the Alberta Lawyers Insurance Association (ALIA) is serving as a reminder to the legal community that lawyers are targets for scams. It’s also acting as a wake-up call for lawyers to ensure their cyber insurance coverage is adequate for their needs.

Dan Pinnington, LawPROThe alert warns lawyers about a cyber-based scam that works like this: fraudsters attempt to gain access to lawyers’ trust accounts by claiming to be auditors from the local law society or auditors working in behalf of...