Forensic launches Cyber Forensics and eDiscovery centre in Hyderabad

Minister of Information Technology and Panchayat Raj K T Rama Rao inaugurated EY's state-of-the-art Cyber Forensics and 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, 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.

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 organizations 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."