17.05.17

Combating Identity Fraud – Risk Management Seminars For Solicitors

In today’s modern digital world, how can you be certain that the person with whom you are conversing or transacting is who they say they are? Establishing true identity has never been more essential, and the risks associated with failing to do so have scarcely been greater, as London law firm Mishcon de Reya recently learnt the hard way.

As a law firm’s risk management procedures have expanded to meet such modern threats as Identity Fraud and Cyber attacks, so there has been a huge accumulation of clients’ personal data, all of it subject to the Data Protection Act. From 2018, under GDPR changes, you can no longer just keep that information safe indefinitely. The rules are getting a whole lot tighter.

As the region’s only specialist professional risks insurance broker, Cox Mahon are delighted to be partnering with Clyde & Co, one of the UK’s leading law firms in the field of professional negligence, to bring solicitors in the Shrewsbury and Worcester areas an insightful update on some of the most pressing risk management challenges currently facing the legal profession.

The free events, entitled ‘Knowing Me, Knowing You?’, take place in Worcester on 7th June and in Shrewsbury on 8th June 2017 and will cover the following topics:

• Identity fraud – The impact on qualifying insurers, continuing shock-waves from Dreamvar (UK) Limited v Mishcon de Reya, and new guidance on what to look out for
• General data protection regulations – A summary of the GDPR’s new provisions, which come into effect in May 2018, and the implications for law firms
• Recent claims trends – Recent developments in the type of claims – Friday afternoon frauds, the growth in claims involving regulatory complaints, claims by litigation funders, and higher value claims
• Cutting the cost of defending claims – Recent developments in claims defence – increased use of the adjudication procedure, ombudsman, fixed costs

In addition to this, the specialist technology provider, R Post, will provide an overview of how to enhance compliant electronic communications and cyber security.

Solicitors and their colleagues are invited to join us at the free events, where there will also be drinks, canapés and an opportunity to network. Events are CPD qualifying.