Cybercrime: Wire Fraud and Justice? 

”We’re not going to be able to arrest ourselves out of this problem” 

In our AI and digital age, the specter of cybercrime looms large, presenting a massive challenge that traditional law enforcement simply cannot solve. In an oldie but a goodie from the The Register, Doug Witschi, the assistant director for cybercrime at Interpol had the lead in quote to this post, highlighting the depth of this issue and implying the need for a proactive approach to defend against cyber threats. 

Thief outline

The “inability to arrest” is a reality that is played out time and time again in our wire fraud incident response business, with victims of the crime left shocked by the lack of resources and recourse against the bad guys.  We have even been offered a bounty by one business owner to bring the bads guys to justice.  However, there is no white knight that comes to save you when it comes to wire fraud as the money is most likely gone forever. The only logical course is never allowing the fraud to happen in the first place. 

Conduit Security, a company founded by an FBI and Palantir alum, provides the tools and technical controls to ensure you and your firm are never a wire fraud victim.  Wire fraud is a top cyber-attack vector and poses a significant threat to businesses, careers and capital, making it imperative for organizations to fortify their defenses. 

By providing robust technical controls, Conduit empowers organizations to detect and thwart attempts before they become losses. Given the difficulty in recovering losses and inability to arrest the perpetrators, this proactive stance is a requirement.