Johannesburg, 14 Nov 2011
White collar crime is increasing at an alarming rate. Corporate SA is losing an estimated R150 billion annually to insider fraud, according to industry security analysts.
“Insider fraud is now one of the major risks faced by SA,” according to Steven Powell, specialist in forensics at Edward Nathan Sonnenberg. EFT fraud has assumed near-epidemic proportions over the past year.
The 2010 SAPS crime statistics show that a total of 84 842 white collar crime cases were reported between April and March 2009/10, marking a 56% increase from 2006.
EFT fraud cases reported in 2009/2010:
* Vodacom: R8 million insider fraud, stolen passwords, diverted funds. Syndicate stole from clients of five major banks.
* Mpumalanga Education Department: R5.5 million stolen via insider password fraud. October 2009.
* R769 million stolen: KwaZulu-Natal probes insider fraud. April 2010. Government investigates 25 insider fraud cases involving R768 827 043 from 2009/10.
* Omnia Holdings: R23 million stolen by insider over a period of eight years. May 2009.
* State Pension Fund: insider syndicate steals R1 million via modified banking details. July 2010.
As evidence suggests, there is little doubt that the private and public sector are obliged to strategically invest in digital forensics capability in order to mitigate the increasing risk from cyber crime.
DRS is a leading specialist in IT security, including incident management and cyber forensics. DRS brings a proactive approach to information risk management and digital investigations through the provision of comprehensive enterprise digital forensic tools from AccessData.
These multiple technologies deliver state-of-the-art incident response capabilities and deep analysis of both volatile and static data. AccessData's SilentRunner provides network forensic analysis and on-demand incident playback, allowing businesses to validate whether criminal or malicious activity has taken place. This dramatically enhances the ability to identify all offenders and exploits, build a case and locate stolen information, or misused resources.
Mobile Phone Examiner Plus (MPE+) makes in-depth mobile phone data immediately available during on-scene investigations, allowing you to immediately secure the digital evidence, unlock locked handsets, preview extracted data and safely create a secure image that can be used as evidence in a court of law. MPE+ supports over 3 500 different phones and tablets.
As the sub-Saharan training partner and leading consultant on the implementation and use of AccessData technologies, DRS ensures investment into these technologies is optimised.
DRS, together with AccessData, provides the most comprehensive enterprise-class digital forensics capability, enabling customers to strategically manage their risk from cyber crime, espionage, identity theft and insider fraud.
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