Cyber Forensics and eDiscovery Centre launched in Hyderabad
Hyderabad, July 2014 – EY’s Fraud Investigation and Dispute Services team inaugurated its state-of-the-art Cyber Forensics & eDiscovery Centre in Hyderabad. India’s first advanced lab, the new and improved facility has a live platform for end-to-end e-Discovery services and capabilities to undertake complex cyber forensic and compliance related investigations. The lab will be a strategic growth driver for EY’s rapidly expanding forensic practice in India, Fraud Investigation and Dispute Services which caters to global companies.
Today, businesses are faced with the mounting challenges related to fraud and corruption. The digital era has also exposed companies to new age threats such as cybercrime, data theft and data leakage. Fraud cases have augmented in complexity and the volume, variety and velocity of business information that needs to be monitored has risen considerably.
Arpinder Singh, Partner and National Leader, Fraud Investigation and Dispute Services, EY said, “Rapid digitization, overdependence on technology and increasing business complexities are redefining the fraud landscape. The threats around cybercrime and cyber security have become a global menace, striking corporations across the board, disrupting operational processes and efficiencies. However, organizations have now woken up to the benefits of deploying intelligent tools and techniques to mitigate such risks. With the demand for specialized forensic solutions expected to soar, we believe our Hyderabad forensic lab will be instrumental to assist organizations in their effort to prevent and detect frauds.”
“The fraud risks could have serious repercussions on the organization’s bottom line and reputation as they have the potential to affect operations. Therefore, companies need to adopt sophisticated visualization and technologies such as Big Data, e-Discovery, forensic data analytics and forensic audit to shield their business”, informed Sandeep Baldava, Partner and Leader (South), Fraud Investigation and Dispute Services, EY Hyderabad.
“Forensic tools and technologies play a key role in analysing structured as well as unstructured data, unravelling anomalous patterns of behaviour, trends around improper payments etc. which can uncover a potential fraud. Our lab is well-equipped with these technical capabilities and supported by a highly skilled team to manage voluminous and complex investigations and litigations. Being a recognized technology hub, Hyderabad also offers us a ready talent pool and we will look to beef up our forensic team with trained professionals, possessing multi-functional expertise.” added Anil Kona, Partner, Fraud Investigation and Dispute Services, EY.
Paul Walker, Partner and Leader - Europe, Middle East, India and Africa, Forensic Technology and Discovery Services, EY remarked, "Most of the companies today are facing data breach risks and they can be compromised either by an internal or external threats. Gone are the days when organisations can assume that their controls environment and network security measures are going to offer them full protection. This new and hostile cyber environment has resulted in companies demanding a range of solutions such as the ones offered in our new Hyderabad facility including proactive and on-going cyber diagnostic, incident response and investigation and threat intelligence. Our aim is to prepare companies for the ever changing and more sophisticated cyber landscape they are going to face.”
Fast Facts - Cyber Forensics & eDiscovery Centre, Hyderabad
- State-of-the-art Forensic Technology & Forensic Data Analytics center with cutting edge analytical tools that are utilized for advanced data visualization
- End-to-end forensic investigation capabilities, in accordance with the Electronic Discovery Reference Model (EDRM)
- High-end servers with 40 terabytes of space for processing high volumes of data quickly
- Unique automated document review process applying statistical techniques, big data analytics for predictive modeling
- Complete back-up and disaster recovery system, including state-of-the-art, fully redundant storage architecture
- Highly secured laboratory with round-the-clock surveillance requiring Dual-Access credentials for entry
EY’s Fraud Investigation and Dispute Services practice in Hyderabad comprises a team of trained professionals including former government investigators, computer science and forensic specialists, forensic accountants, lawyers and high-tech engineers. They use their rich experience, employing the industry’s advanced technologies to collect, process and sift through data to identify evidence-related files. These include PDF, Microsoft Office documents, instant messaging and smartphone logs, and even voice and video files that are critical in complex litigations and investigations.
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About EY’s Fraud Investigation & Dispute Services practice
Dealing with complex issues of fraud, regulatory compliance and business disputes can detract from efforts to succeed. Better management of fraud risk and compliance exposure is a critical business priority — no matter the industry sector. With our more than 2,500 fraud investigation and dispute professionals around the world, we assemble the right multidisciplinary and culturally aligned team to work with you and your legal advisors. And we work to give you the benefit of our broad sector experience, our deep subject matter knowledge and the latest insights from our work worldwide.
This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.