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The Business of Cybercrime°
Fraud & Cybercrime Forum
Arun Chauhan & Toyosi Ajimoko
The Business of Cybercrime
19 May 2014

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©DWF LLP 2012 www.dwf.co.uk
Overview
• Fraud & risk services
• Introduction to cybercrime
• The threat of cybercrime
• Information theft
• Examples
• Prevention advice
• Fraud response
• The legal response
• Q&A
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• F R U D
• Finding out what went wrong when all seemed right
Fraud and risk services
A

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• Fraud prevention advice & training
• Fraud investigation
• Reaction & recovery
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Fraud and risk services

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©DWF LLP 2012 www.dwf.co.uk
Cybercrime is a term used for any illegal activity that uses a computer or the internet
as its primary means of commission to include any activity that uses a computer as a
storage device.
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What is Cybercrime?

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©DWF LLP 2012 www.dwf.co.uk
• 80% of us are referenced online
• 4.1bn installed email accounts by 2015 – corporate accounts 25%
• Corporate email users send and receive an average of 120 emails per day (2014)
• 1.73bn social media users worldwide (2012) – 2.55bn forecast in 2017
• 1.19bn people logging into Facebook per month (2013)
• 500m tweets per day (October - 2012)
• 74% of email traffic sent in 2012 was spam
• 16% of these spam emails will be delivered to corporate email inboxes despite spam
filters (2014) filters
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Why is Cybercrime such an issue

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• Cybercrime is estimated to cost the UK economy £27bn per annum (Cabinet Office &
Detica, 2011)
• 75% of UK organisations experienced data loss in the year up to June 2011
(Checkpoint Software Technologies survey)
• Government Communications HQ guidance
• The number of High Court cases relating to the theft of confidential information
rocketed by 250pc between 2010 and 2012 – 167 cases in 2012
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The impact of Cybercrime

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The practical impact of Cybercrime
Loss of
revenue
Management
time
Impact on
productivity
Network
failures
Investor
loss of
confidence
Reputational
loss
Compromise
& loss of
data
Loss of
IP
Impact on
Business

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• Information theft
• Extortion
• Corporate identity theft
• Reputation attacks
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Examples of Cybercrime

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• Theft of confidential data
• Theft of intellectual property
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Information theft

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Internal
• Password protection
• Access levels
• Temporary staff
• Mobile technology
• Social media
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Information theft methodology

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External
• Organised crime groups
• Competitors
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Information theft methodology

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• Theft of data
• Account takeover fraud
• What would you do?
Examples
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• Risk registers
• Fraud prevention plans
• Ongoing training
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Prevention

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• Fraud response plans
• IT response
• Insurance
• Reassess risk
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Response

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• Act quickly
• Can the perpetrators be identified
• Set out your objectives
• Financial means of the target defendants
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The legal response

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• Injunctions
• Search Orders
• Non-Party Disclosure Orders
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The legal response

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Q&A
• Any questions or issues to discuss?

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©DWF LLP 2012 www.dwf.co.uk
About DWF
• … the UK’s fastest growing top 20 law firm.
• With over 2,500 people across 12 locations, we have the scale and expertise to
address all our clients’ legal needs.
• Our deep industry sector knowledge, across both our insurance and commercial
businesses, allows our lawyers to anticipate client issues, create opportunities and
provide the information our clients need to make critical business decisions.
• We have come along way in a very short time and our ambition is to be one of the
UK’s leading national business law firms, delivering the best possible practical,
commercial advice to clients.
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Our firm is driven by its core Values which focus on:
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Values
Our Clients Our People Our Community Our Environment

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Contact Details
Arun Chauhan
DWF LLP
One Snowhill
Snow Hill Queensway
Birmingham
B4 6GA
Email: Arun.Chauhan@dwf.co.uk
DD: 0845 404 2391
Mobile: 07739 630750

22. DWF is the business law firm with industry insight.
Our legal experts combine real commercial understanding
and deep sector knowledge to help clients anticipate issues,
create opportunities and get the outcomes they need.
We’ll deliver the results that help you go in the right direction –
wherever you are.
www.dwf.co.uk
Go further°
©DWF LLP 2013
DWF LLP is a limited liability partnership registered in England and Wales with registered number OC328794.