November 2019: Issue Seven
The political landscape has been a real distraction recently and it is no surprise that uncertainty often leads to financial strains and subsequently, workforce lay-offs. If your organisation has the unfortunate ordeal of laying off employees, be prepared. Recent research highlighted that 58% of former employees still retained access to IT networks including financial and customer information; whilst 24% of UK businesses alone have experienced data breaches instigated by former employees. To avoid further burden and costs because of disgruntled former employees, now is the time to implement the necessary steps to help prevent fraud and data breaches.
Many fraud investigations that I have presided over the years have been solved via digital forensics. Evidence found in computers, digital devices and networks have often been the key to uncover the perpetrators and true mechanics of fraud and computer misuse. So, it is with great pleasure, that we can announce that our internal Digital Forensics Laboratory is open. There are many different scenarios whereby digital forensics can help an investigation, data breach or safely recycling laptops back into an organisation’s operations – please call us for an introductory no-obligation conversation.
Besides potential data breaches, uncertainty is often preceded with an increase in corporate fraud. A massive US $7 billion was lost to corporate fraud alone last year, these were just the reported frauds and this figure is likely to be the tip of the triangle. In our “Ask an Expert” feature, Valeryia outlines some practical advice on building an anti-fraud environment; as well as giving tips on how to spot a fraudster.
Education, awareness, collaboration are all values which we at TenIntelligence like to share with our networks. As you will read below, it is our responsibility to guide younger generations with the awareness they need to secure their physical and cyber lives. We work closely with the University of Kent on a variety of cyber awareness campaigns, helping their students move into adult working life with the necessary knowledge to protect themselves for their future.
Besides ongoing political uncertainty and cyber threats posed to society, we cannot forget about other dangers across the globe. Profits from counterfeiting are often used to fund serious organised crime, such as human trafficking, money laundering and child pornography. I would like to take the opportunity to congratulate our Dubai team, led by
Cate Wells, who are continuing to win the counterfeiting fight and enjoy some substantial raids depleting the purse of the counterfeiters.
Download your free copy of TenInsight Issue 7 here