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Digital Fraud Services

Digital fraud is an umbrella name for types of fraud taking place online. It is synonymous with online fraud, internet fraud and cyber fraud.

The internet and information communication technologies (ICT) have transformed the way we do business. As our reliance on technology grows, it gives rise to cyber criminals exploiting this fact and targeting our businesses.

Size doesn’t matter

Digital fraud does not discriminate with respect to industry or business size. In fact, numerous studies seem to suggest that small to medium-sized businesses are most at risk as many of them incorrectly believe that having anti-virus software is enough to keep them and their business safe. The reality is that cyber criminals are good at identifying vulnerabilities and in using a wide range of tools to steal money and information, as well as causing disruption to your business.

Digital fraud comes in many forms including:

  • Identity theft: fraudsters steal your identity and pretend to be you.
  • Hacking: when cyber criminals hack, it means they gain unauthorised access to your computer or system to install malware or to steal information.
  • Malware: malware is an umbrella term for all malicious software including spyware, viruses, trojans and worms. Ransomware is a cruel form of malware as attackers lock down your computer until a ransom is paid.
  • Phishing: the most common type of digital fraud, phishing involves cyber criminals tricking you into revealing sensitive information or paying a large sum of money to a fake business contact.
  • Vishing or voice phishing: fraudsters call you up to check a few things with you, such as a recent bank transaction. In some cases, fraudsters ask you to call a number allegedly belonging to a bank or a service provider.

Digital fraud is prevalent because fraudsters know that it is relatively easy to trick business leaders and employees into clicking on a link or answering a few questions to give them what they need to penetrate your systems or bank accounts. In addition to that, many companies still do not invest enough in IT and staff, leading to weaker controls and more opportunities for fraudsters.

Countering Digital Fraud

Phishing is by far the most common digital fraud. It happens when someone sends you a genuine-looking email and urges you to click on a link or download an attachment. The link will take you to a website that contains malware or the attachment itself has malware, and the malware will then allow cyber criminals to take controls of your computers or systems.

Vishing, or voice phishing, happens when fraudsters pretend to be someone else and call you up and trick you into revealing information that they need to access your bank accounts.

To combat both phishing and vishing, being alert is key. Companies that have successfully reduced the risks of cyber fraud are companies with stringent training programs, and their employees are trained to question every email and phone call.

The Digital Fraud team at Blackhawk Intelligence

At Blackhawk Intelligence, we have a Forensic division under which we have experts working with clients on digital forensics, forensic accounting, forensic handwriting, and digital fraud forensics.

Within the digital fraud function, we help companies to put in place protective digital strategies that will raise your security levels, train your staff in detection techniques and introduce a corporate security culture.

In the event that cyber criminals have managed to penetrate your systems or fraudsters have managed to trick your employees into paying them, our digital fraud specialists will work with you to best preserve the evidence and assess how to recover the money.

Our dedicated digital fraud team has access to the latest fraud tracing software. We can recover all sorts of data, including deleted, hidden and security protected files. We can detect when there have been unauthorised data transfers, pick up on employee internet misuse and also suspected competitor espionage.

We work fast because any delay may see incriminating evidence removed by the perpetrators rapidly. Our digital fraud specialists will secure your hardware to prevent tampering, obtain and copy hard drives, and investigate data settings from installed applications and programs.

Digital fraud is everywhere. Every employee now has a computer, a smartphone, a password to a network, making it relatively easy for cyber criminals to extract data. So take steps now to safeguard your key digital assets.

To talk to a digital fraud specialist, please contact us by telephone on +44 (0)20 8108 9317 for a free, confidential discussion or use the secure contact form on this page.

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