Long-standing cultural and organisational differences separate the teams dealing with financial crime, fraud and cyber security. But the line between economic crime and cyber crime is blurring and is already non-existent in the minds of the criminals behind those attacks.
Digital developments, the evolving needs of businesses and customers, and increasingly sophisticated attacks by cyber criminals are forging an alarming new reality – one that inevitably demands a holistic approach to combatting a proliferation of threats in this new world.
In this report we explore how integrating cyber security, fraud and financial crime operations to oppose economic crime will demand game changing strategies and unconventional partnerships.
We examine how to:
The traditional vectors of economic crime have gone digital to unleash dangerous new avenues of financial crime, fraud, money laundering, bribery and corruption. A new reality has set in for society as economic crime and cyber crime become indistinguishable. The result? Experts battling economic crime face the inevitable challenge of integrating their approach and defenses with today’s cyber security experts.
Doing so will require businesses to abandon the classic pillars of financial crime, fraud and cyber security governance, forging for the future a holistic, overarching approach to economic crime that’s rigorous, comprehensive, effective and resilient. In the face of cyber crime’s endless pursuit of new and creative ways to make money, future cyber defenses must also be ever evolving.
As technology capabilities advance, cyber and fraud attacks are becoming dramatically more commoditised and scalable. The cyber security and fraud threats of the next decade are expected to be profoundly enhanced by emerging technologies and propagated through complex supply chains and working models.
How to respond to evolving challenges and position your business to be cyber and fraud resilient
Respond to evolving challenges and position your business to be cyber and fraud resilient
We explore Australia’s 2020 Cyber Security Strategy and outline what investment and regulatory reform mean for your organisation.
We explore Australia’s 2020 Cyber Security Strategy, investment and regulatory reform.
Recovery from ransomware attacks will require a tested plan that involves teams across each business department.
Ransomware attack recovery will require a tested plan involving teams across a business.
Protect your business from cyber crime with the latest in attack detection, response and threat intelligence, delivered 24/7 by CyberHat.
Protect your business from cyber crime with a solution delivered 24/7.