Digital Forensics & Fraud Newsletter

Welcome to our first Digital Forensics and Fraud newsletter! Here, we’ll keep you informed with the latest industry insights, expert tips, and updates on safeguarding your business in an increasingly digital world. Whether it's combating fraud, navigating cybersecurity, or staying ahead of tech trends, we’re here to provide valuable content that helps you stay secure and informed. Stay tuned for more!?

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TenIntelligence is at the forefront of digital forensics, offering tailored investigative services to help organisations identify and mitigate cyber threats. Our approach combines advanced forensic methodologies with in-depth knowledge of legal and regulatory requirements.?

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Here’s how we do it:?

1. Data Breach Investigations: Identifying the source and impact of unauthorized access.?
2. Forensic Data Recovery: Retrieving critical data from damaged or compromised systems.?
3. Incident Response: Rapid deployment to contain and investigate security breaches.?
4. Litigation Support: Providing expert witness testimony and forensic reports for legal proceedings.?

Discover more about our digital forensic services here.?

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??Spotlight on recent events:?

1. Fraud and scam complaints hit highest-ever level in the UK?

According to Computer Weekly, fraud and scam complaints in the UK have hit a record high, with 8,734 cases reported from April to June 2024. Primarily involving authorised push payment (APP) scams. The Contingent Reimbursement Model (CRM) code does not cover many victims, limiting their chances of reimbursement. However, upcoming regulations will require banks to repay victims unless there’s gross negligence. Banks are encouraged to enhance fraud detection and security measures to tackle the surge in fraud cases.?

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Key takeaway?

The rise in fraud and scam complaints in the UK highlights the increasing need for advanced investigative services, such as those offered by digital forensics providers. They play a pivotal role for businesses to help recover crucial evidence, analyse digital devices, and support the identification of fraud perpetrators. As fraud schemes grow more sophisticated, services that can track digital footprints and uncover hidden activities are vital in addressing cases like authorised push payment (APP) scams, helping businesses and individuals seek justice and recover losses.?

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Read similar articles on fraud: How to Detect Occupational Fraud in 2024?

2. The UK engineering firm Arup falls victim to ￡20m deepfake scam?

In May 2024, UK engineering firm Arup became the target of a deepfake scam in Hong Kong, where scammers used AI-generated videos to impersonate the company’s executives. This sophisticated fraud attempted to manipulate employees and business partners into making unauthorised payments. The incident highlights the growing threat of deepfake technology in corporate fraud, illustrating how AI tools can be weaponized to deceive and exploit companies. The case emphasizes the importance of increasing security measures and awareness to combat such evolving threats in the digital landscape.????????????????

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Key takeaway?

The incident involving Arup shows how AI-generated deepfake technology is being used for sophisticated scams, highlighting a growing threat to businesses. Digital forensic experts can track the sources of scams, identify the origin of fraudulent activities, and help expose perpetrators. It is important to utilise digital forensics so digital content can be authenticated, signs of manipulation uncovered, and confirming if deepfake videos or communications are fraudulent.????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????Read about a common cyber-crime: IP Theft

TenIntelligence Thoughts

With the rise of sophisticated cyber threats—ranging from fraud and scams to AI-driven deepfake attacks—it’s crucial to stay informed and proactive. TenIntelligence is committed to helping you defend your business, support your legal initiatives, and mitigate risks.

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Thank you for being a part of our first Digital Forensics and Fraud newsletter! We hope you found it valuable. Subscribe to stay informed with next month’s edition, where we’ll continue delivering expert insights, important industry news & updates, and practical strategies to help fortify your business against the ever-evolving digital threats.?

Have questions? Submit your queries here.

?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????Written by

Lisseth Ortiz Diaz ??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

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