Cyber Fraud Prevention
It seems like every day news organizations are reporting on another big breach involving commercial software or a big leak involving consumer data. It goes without saying that you are aware of the significant financial and reputational damage that these attacks cause to organizations.
But how quickly is this number rising? Experts predict that cybercrime will increase by 15% annually and reach a $10.5 trillion annual total by 2025. That comes to an incredible $11.4 million every minute.
Your traditional cybersecurity measures, such as intrusion prevention systems (IPS) and event managers, are finding it difficult to keep up as your business expands its network into the cloud and incorporates mobile and IoT/OT devices.
With our in-depth knowledge of fraudsters’ TTPs and a thorough assessment of your organization’s capacity to identify and address threats, our Cyber Fraud Strategy will lower your risk of fraud and combat cybercrime. We can assist you in increasing the visibility of your threat and putting an end to fraudsters.
Organizations need to be on the lookout for cyber fraud as cybercrime grows in tandem with the expansion of business process automation. Fraudsters have also taken advantage of the rising popularity of virtual environments due to the COVID-19 pandemic.
Enterprise networks are becoming more complex due to cloud capabilities, mobile devices, IoT/OT, and other factors in an ever-changing threat landscape. To stay up to date and make sure that their people, procedures, and technology are capable of identifying, defending against, and responding to security threats, enterprise fraud security programs need to increase the visibility of threats.
The goal of LegalByte’s Cyber Fraud Prevention Strategy is to assist you in overcoming these obstacles and lowering the risk of fraud. We concurrently support the confidentiality, availability, and integrity of your vital business operations and data by conducting a thorough assessment of your organization’s capacity to recognize threats and vulnerabilities.
OUR SOLUTION
The multi-layer LegalByte Fraud Strategy is based on LegalByte’s Cyber Fraud Prevention Chain. The tactics, techniques, and procedures (TTPs) of the adversary are examined first, and then we decide how to use improved governance, processes, and technology to safeguard against, identify, and counter these threats.