Corporate Cyber Attacks and Asset Tracing: Preventing Fraud, Defending your Company and Recovering your Money
Interfor International held a a joint Seminar with Ince & Co in Hong Kong on June 27th. The seminar focused on Corporate Cyber Attacks and Asset Tracing.
The business world continues to face a series of challenges on several fronts. Energy price, political and financial fluctuations as well as cyber security breaches have resulted in interrupted projects, contract cancellations, lost funds and even insolvency.
“Cyber Warfare” against corporations and law firms has evolved greatly in the past few years, especially in Asia. In the past, typical attackers used to target companies with Denial of Service attacks and annoying malware or hostageware. The goal was to disrupt a company’s digital systems. However, over time, attacks have become much more nuanced and targeted. For example, there has been a huge uptick in very subtle spoof and phishing attacks during which a network of thieves is able to social engineer their way into an organization. They then either take over certain email addresses or create fake ones in an effort to convince C-suite officers to request or approve a wire into a bank account that has been compromised.
Any investigation and asset recovery strategy or plan therefore needs to consider global perspectives. Interfor works alongside Ince Law and has the expertise and resources to investigate a range of cybercrime activity, employing a range of investigative strategies to identify system vulnerabilities, intrusions and data ex-filtrations and to recommend means to reduce or eliminate exposure. Our digital forensics experts use computer forensic techniques coupled with traditional investigative methodology to track down people, activities or behavior in order to confirm the breach. Interfor’s Cyber and Asset Investigations team assists companies across Asia to trace, freeze and recover assets lost via sophisticated cyber fraud.
Seasoned expert investigators Juval Aviv and Benjamin Kunde from Interfor, shared stories from the field and their views and strategies on corporate cyber-attacks and dynamic global asset recovery investigations across multiple jurisdictions.