Law Firms Still Vulnerable to Wire Transfer Scams, as Liability and Breach Costs Grow
A lawsuit against Holland & Knight alleging the firm didn't do enough to prevent a wire transfer scam echoes a similar case involving Dentons.
The most striking thing about the recent cyber scam lawsuit filed against Holland & Knight—which alleges that the firm mistakenly sent $3 million to a fraudulent account in Hong Kong—may lie not in the dollar figure, but the frequency of similar alleged attacks against firms.
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