Digital Forensic Readiness has been saved
Digital Forensic Readiness
The Time is Now
In the digital era, it has become imperative for responsible organisations to maximise the use of technology to detect and respond to fraud they may be exposed to.
To achieve this, organisations must take proactive steps to ensure they have adequate people, processes and technology in place to perform digital forensic investigations.
The increased reliance on technology by organisations, especially ﬁnancial institutions for both internal operations and customer service delivery has given rise to a new source of risk. The risk that technology could be used for ﬁnancial misconduct is not only present but also rising. Additionally, regulators are increasingly mandating banks to ensure they have timely access to cyber forensic expertise. CBN in its Risk based Cybersecurity Framework Exposure draft of 2021 advised banks to set up a forensic lab or sign up to external cyber threat intelligence services to manage their digital fraud risk.