Dasgupta Santanu & Co.’s Post

With businesses increasingly dependent on the digital arena, #cybersecurity has become non-negotiable for financial statement auditors. #Cyberattacks have escalated, posing risks to financial integrity. An auditor's role has evolved to include evaluating the security measures protecting financial data and identifying risks of material misstatement and are now also tasked with assessing the controls surrounding data storage and security. Digital #forensics or cyber forensics, is essential in investigating and preserving digital evidence related to cybercrime. The #digital forensics process involves several steps, such as identifying and authorizing investigation, evidence collection and custody, identifying data sources, collecting forensic #data, and preserving evidence to maintain integrity. It also involves data recovery and analysis, preparing evidence for court presentation, documenting each analysis, and verifying data integrity. To know more about the digit forensics process, follow the link: https://lnkd.in/dvAxaN9E Cybersecurity is a core part of ensuring financial integrity in today’s digital world so auditors must adapt to cybersecurity challenges and effectively audit financial statements in a digital age. For further information and queries, you can reach out anytime to DASGUPTA SANTANU & Co. via [email protected] or visit https://www.dgsnco.com #CyberSecurity2024 #AuditingInDigitalAge #FinancialIntegrity #CyberForensics #DataSecurityMatters #DigitalEvidence #SecureAuditing #FinancialRiskManagemen #DigitalForensicsGuide #AuditorResponsibilities #CyberThreats2024 #CyberCrimeInvestigation #DigitalEraAuditing #ProtectFinancialData #CyberAwareAuditing Stick around to explore more and stay ahead of the game in the corporate arena.

Finance and cybersecurity intersect to protect sensitive financial data, ensure secure transactions, mitigate fraud risks, and maintain regulatory compliance. How can organizations strengthen the synergy between finance and cybersecurity to safeguard data and foster trust?

🔍𝗨𝗻𝗰𝗼𝘃𝗲𝗿 𝘁𝗵𝗲 𝗧𝗿𝘂𝘁𝗵 𝘄𝗶𝘁𝗵 𝗖𝗼𝗺𝗽𝘂𝘁𝗲𝗿 𝗙𝗼𝗿𝗲𝗻𝘀𝗶𝗰𝘀 𝗗𝗮𝘁𝗮 𝗥𝗲𝗰𝗼𝘃𝗲𝗿𝘆 From exposing fraud to solving cybercrimes, the ability to retrieve lost or deleted data is more than a convenience—it’s a game-changer. 🔑 Here’s what makes computer forensics data recovery essential: - 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗙𝗼𝗿𝗲𝗻𝘀𝗶𝗰𝘀: Extracting and preserving data for investigations. - 𝗗𝗮𝘁𝗮 𝗥𝗲𝗰𝗼𝘃𝗲𝗿𝘆: Restoring lost or deleted files while maintaining their integrity. - 𝗘𝘃𝗶𝗱𝗲𝗻𝗰𝗲 𝗜𝗻𝘁𝗲𝗴𝗿𝗶𝘁𝘆: Ensuring recovered data remains admissible in legal cases. These techniques are crucial for legal proceedings, corporate investigations, and even resolving employee misconduct. Specialized methods like imaging and file carving ensure that every byte of data tells its story without compromise. At 𝟭-𝟴𝟬𝟬 𝗢𝗳𝗳𝗶𝗰𝗲 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀, we provide the expertise and tools needed to tackle the toughest digital challenges, safeguarding your business and supporting justice. Let us help you recover the evidence that matters most. 🖥️💾 #DigitalForensics #DataRecovery #CyberSecurity

Our Senior Manager, Financial Crime Conduct, Andy Walker, gave a keynote speech on the role of technology in meeting AML and KYC challenges at an event hosted by j. awan & partners in collaboration with azakaw and the DIFC. During the speech, Andy shared considerations for the use of technology for fighting financial crime and also gave some recommendations for Firms. Recommendations included: - Spend the time to understand the technology you are getting. - Give equal consideration to the risks the technology opens up, as well as the benefits it brings. - Ensure that users understand how to effectively utilise technology solutions, interpret system outputs, and comply with AML policies and procedures. - Implement robust cybersecurity measures to protect technology solutions from cyber threats, data breaches, and unauthorised access. - Importantly, ensure that the technology remains fit for purpose.

🎦 𝐃𝐞𝐞𝐩𝐟𝐚𝐤𝐞 𝐓𝐡𝐫𝐞𝐚𝐭𝐬: 𝐀𝐝𝐝𝐫𝐞𝐬𝐬𝐢𝐧𝐠 𝐭𝐡𝐞 𝐔𝐧𝐬𝐞𝐞𝐧 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬 𝐢𝐧 𝐂𝐲𝐛𝐞𝐫𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 🔍 As AI technology rapidly evolves, so do the threats it poses. Deepfakes, sophisticated manipulations of audio, images, and videos, have emerged as a major concern for businesses. Despite efforts to enhance technology and regulatory frameworks, organizations find themselves vulnerable to these AI-driven deceptions, facing substantial monetary losses, reputational damage, and operational disruptions. 💡 The rise of deepfakes highlights the growing sophistication of cyber threats. A significant portion of companies now view deepfakes as a critical concern, with over 61% reporting an increase in related attacks. These AI-driven forgeries can undermine financial institutions' KYC processes, manipulate stock markets, and even blackmail executives. The financial sector, in particular, is bracing for significant impacts, with potential fraud losses projected to reach $40 billion by 2027. The combination of remote work and the advancement of deepfake technology has only exacerbated these risks, making it crucial for companies to bolster their defenses. 🔒 As organizations grapple with the threat of deepfakes, a multifaceted approach is essential. Enhancing identity verification methods, implementing stringent internal checks, and fostering trusted communication channels are critical steps. Companies are also revisiting traditional, low-tech solutions like person-to-person verification to combat high-tech threats. Furthermore, legal, regulatory, and compliance teams must work in tandem with communication departments to effectively manage and mitigate misinformation. In my experience, it's crucial for businesses to stay ahead of these threats by investing in ongoing training and awareness programs for employees, ensuring everyone is prepared to recognize and respond to deepfake attacks. By anticipating and preparing for deepfake threats, businesses can safeguard their operations and maintain their reputations in this challenging digital landscape. ❓ Have you or your organization encountered a deepfake threat? How did you respond, and what measures are you implementing to prevent future incidents? https://lnkd.in/gRKN8WXs #deepfakesecurity #aicyberthreats #digitalintegrity #cybersecurity #cyberriskmanagement

🛡️ 𝐈𝐧𝐭𝐞𝐠𝐫𝐢𝐭𝐲 𝐢𝐧 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐂𝐲𝐛𝐞𝐫𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲: 𝐄𝐧𝐬𝐮𝐫𝐢𝐧𝐠 𝐓𝐫𝐮𝐬𝐭 𝐚𝐧𝐝 𝐀𝐜𝐜𝐮𝐫𝐚𝐜𝐲 🛡️ In the ever-evolving world of cybersecurity, integrity is a cornerstone that ensures data remains accurate, reliable, and trustworthy. Integrity means safeguarding information from unauthorized alterations, which is crucial for maintaining the trustworthiness of data and systems. 🔒 𝐖𝐡𝐲 𝐢𝐬 𝐈𝐧𝐭𝐞𝐠𝐫𝐢𝐭𝐲 𝐕𝐢𝐭𝐚𝐥? In our digital age, ensuring the integrity of data is fundamental to any organization's security posture. When data is tampered with, it can lead to misinformation, financial losses, and a breakdown of trust with clients and stakeholders. 🏢🔍 𝐑𝐞𝐚𝐥-𝐋𝐢𝐟𝐞 𝐄𝐱𝐚𝐦𝐩𝐥𝐞: Imagine a financial institution where transaction records are altered. If unauthorized changes go undetected, it could result in financial discrepancies, fraud, and significant reputational damage. 🏦💸 𝐓𝐨 𝐩𝐫𝐞𝐬𝐞𝐫𝐯𝐞 𝐢𝐧𝐭𝐞𝐠𝐫𝐢𝐭𝐲, 𝐰𝐞 𝐢𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐞𝐝 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐤𝐞𝐲 𝐦𝐞𝐚𝐬𝐮𝐫𝐞𝐬: 𝐇𝐚𝐬𝐡𝐢𝐧𝐠 🔢: By using cryptographic hash functions, we ensured that any alteration in data could be detected. This way, even the slightest change in the data would produce a different hash value. 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐒𝐢𝐠𝐧𝐚𝐭𝐮𝐫𝐞𝐬 ✍️: We used digital signatures to verify the authenticity and integrity of data, ensuring it was not tampered with during transmission. 𝐀𝐜𝐜𝐞𝐬𝐬 𝐂𝐨𝐧𝐭𝐫𝐨𝐥𝐬 🚦: We restricted access to sensitive data, allowing only authorized personnel to modify critical information. 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬: 𝐈𝐧𝐬𝐢𝐝𝐞𝐫 𝐓𝐡𝐫𝐞𝐚𝐭𝐬 👥: Even with robust measures, insiders with access to sensitive information pose a significant risk. 𝐂𝐨𝐦𝐩𝐥𝐞𝐱 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 🏗️: Managing integrity across large, complex IT environments requires consistent and thorough monitoring. 𝐇𝐮𝐦𝐚𝐧 𝐄𝐫𝐫𝐨𝐫 🤦: Mistakes, such as incorrect data entry or misconfigurations, can compromise data integrity. 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲: Maintaining integrity in software cybersecurity is an ongoing effort that involves robust cryptographic techniques, strict access controls, and vigilant monitoring. By prioritizing integrity, organizations can ensure their data remains accurate and trustworthy, thereby safeguarding their operations and maintaining client trust. 🔍🛡️ #CyberSecurity #DataIntegrity #SoftwareSecurity #InfoSec #Trust #TechSecurity #BestPractices

🕵️♂️ 𝐓𝐡𝐞 𝐈𝐦𝐩𝐨𝐫𝐭𝐚𝐧𝐜𝐞 𝐨𝐟 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐅𝐨𝐫𝐞𝐧𝐬𝐢𝐜 𝐑𝐞𝐚𝐝𝐢𝐧𝐞𝐬𝐬: 𝐏𝐫𝐞𝐩𝐚𝐫𝐢𝐧𝐠 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐈𝐧𝐞𝐯𝐢𝐭𝐚𝐛𝐥𝐞 𝐢𝐧 𝐂𝐲𝐛𝐞𝐫𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 Digital forensic readiness is not just a reactive measure—it's a strategic imperative that enhances an organization’s resilience against cyber incidents. By being prepared for digital forensic investigations, companies can swiftly manage and mitigate the impacts of security breaches, ensuring business continuity and safeguarding their reputation. Here are five crucial reasons why organizations need to prioritize digital forensic readiness: 1. Rapid Incident Response: Being prepared with a digital forensic plan allows organizations to respond to security incidents with speed and precision. Quick and effective response is critical in minimizing the impact of the breach and starting the recovery process sooner. 2. Evidence Preservation: Forensic readiness ensures that digital evidence is collected and preserved in a way that upholds its integrity. Proper handling and safeguarding of evidence are crucial for legal proceedings and can significantly influence the outcome. 3. Cost Reduction: By preparing in advance, organizations can reduce the costs associated with forensic investigation. Readiness allows for more efficient use of resources and reduces the need for extensive remediation efforts post-incident. 4. Regulatory Compliance: Many industries are governed by regulatory requirements that mandate the ability to perform digital forensics. Being ready not only complies with these laws but also prepares organizations for audits and inspections without the last-minute scramble. 5. Strengthened Security Posture: Digital forensic readiness enables organizations to analyze past incidents and glean insights that can fortify their security measures. This proactive approach to understanding attack vectors and vulnerabilities can prevent future incidents. ------------------------------------ Is your organization equipped to handle the complexities of digital forensic investigations? Reach out to discuss how enhancing your digital forensic readiness can protect your business and propel your cybersecurity strategy forward. #DigitalForensics #CybersecurityReadiness #IncidentResponse #CyberResilience #InfoSec

💫 Ready to deepen your knowledge in the fight against #financialcrime? The FinCrime & Cybersecurity Summit in #Melbourne is just around the corner! Join us on 26th November 2024, where LexisNexis Risk Solutions will connect with industry experts and innovators tackling today’s financial crime challenges. Expect a full agenda featuring:  ▶ Key insights into Anti-Money Laundering (#AML) and evolving #regulatory requirements  ▶ Cutting-edge #fraudprevention tactics for the digital age  ▶ The impact of advanced technology on #compliance, #riskmanagement, and #cybersecurity This exclusive event is designed for professionals in #banking, #fintech, and #regulatoryservices seeking to strengthen their organisation’s resilience to emerging threats. Spaces are limited, so reach out to our team to inquire about a guest pass: Rabih Maarbani Patrick G. Jun Ichinose Brandon Quach #FinancialCrime #AML #Cybersecurity #FraudPrevention #RiskManagement #Compliance #LexisNexisRiskSolutions #FinCrimeSummit

Unlock the secrets to safeguarding data and mitigating data breaches. Gain insight into the evolving cyber threat landscape. Learn proactive incident response strategies. Explore digital forensics techniques. Navigate compliance and legal considerations. Join us for this jam-packed webinar and leave with a cornucopia of valuable tools! https://lnkd.in/eJVGrufb 📅 May 22, 2024 8:00 am – 9:30 am PT 9:00 am – 10:30 am MT 10:00 am – 11:30 am CT 11:00 am – 12:30 pm ET After this webinar you'll be able to: ✔ Understand the latest trends in cyber-attacks and how they impact your organization's security posture ✔ Employ best practices for developing and implementing tailored incident response plans ✔ Dive into the world of digital forensics and conduct thorough investigations to uncover the root causes of security incidents ✔ Examine the regulatory requirements and legal obligations surrounding data breaches, ensuring compliance, and mitigating risk . . . #cbwn #communitybanks #banking #communitybanking #banks #bankwebinar #banktraining #BankingInsights #DataBreach #DataProtection #RiskManagement #Compliance #BankCompliance