Law firms report record £3.2m cybercrime theft in first quarter but prosecutions have fallen

UK law firms have reported a record 45 cases of cyber thefts to the Solicitors Regulation Authority (SRA) in the first quarter of this year, with £3.2m stolen through conveyancing and inheritance matters as well as from law firms’ own accounts – mainly through email modification fraud.

The number of crimes reported more than doubled the 21 recorded over the same period in 2016.

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