CNBC and other reliable sources report more than $5.8 Billion lost to fraud and related crimes in 2021, with numbers growing annually. Many financial institutions, banks, and credit unions have instilled advanced security measures to mitigate the risk of financial fraud, but cybercriminals constantly develop new strategies to circumvent these efforts. Our financial fraud investigators constantly train to identify the latest tactics and offer the latest practices, keeping your finances and sensitive information secured.

A financial institution will typically review transactional data and digital footprints to determine fraud exposure, looking for theft, fraud, or misconduct identifiers. Different forms of forensic evidence are pieced together to reveal fraud and security risks. While Bank fraud can often be investigated internally, there are situations where it is beneficial to have an industry-leading bank fraud investigator assume control. Escalating fraud trends and evolved practices have made fraud investigations more complex than ever, and countless files can bury vital information. An expert fraud investigator can precisely outline each discrepancy and help you use the experience to fortify existing systems.

The timeframe for a bank fraud investigator to complete their assessment will depend on the case scope and the parties in charge of the investigation. Cases could include multiple bank systems or various parties, creating delays in the process. The fraud investigator is also held to state and Federal law restrictions, so they must operate within parameters. In some cases, bank fraud investigations can take months or even years to complete, but it's our job to ensure that's not the case. For timely and complete documentation, contact CSCT's experts and request a case assessment. Speaking with a professional regarding your case will allow them to provide an accurate timeframe and initial assessment.

Bank fraud is a serious crime that can have devastating consequences for both the bank and the victim. In many cases, the bank can recover the funds through its own insurance or by taking legal action against the cybercriminal. However, in some cases, the bank may not recover the full amount of the loss. In these cases, a fraud investigator may be able to help. A fraud investigator is a specialist who is trained in identifying and investigating instances of bank fraud. They may be able to help the bank recover some of the lost funds by working with the bank's legal team and conducting their own investigation into the fraud. While it is not always possible to recover all the lost funds, a fraud investigator can often help recoup some of the loss and bring the perpetrator to justice.

Banking institutions and credit unions are typically equipped with a fraud investigations manager and sometimes have their own departments, so why is there a need for third-party bank fraud investigators? Because precision is everything in severe or delicate situations. CSCT possesses unsurpassed cyber investigation expertise, allowing us to perform penetration testing, simulated hacking attempts, and full-scope security analyses. Uncovering the source of fraud is only part of the financial investigation process. Our cyber experts work discreetly and efficiently to trace each fraudulent action before proceeding to threat mitigation. But once the threat is cleared, it's time to consider prevention. Every fraud attempt doesn't require third-party assistance, but situations can quickly escalate when criminals access sensitive information and financial accounts.

Financial fraud describes various illegal activities, all of which have the intent of financial gain. The result can be devastating whether the target is an institution or an individual. Crimes that fall under financial fraud include using false identities to open bank accounts, writing bad checks, and stealing bank cards and PINs. In recent years, bank fraud has become increasingly common as criminals have become more sophisticated in their methods and can often attack from across the world. As a result, bank fraud is now one of the most common types of financial crime Financial fraud investigators are tasked with uncovering the truth behind these cases, gathering court-admissible evidence, and thoroughly documenting each transaction to support criminal convictions or civil action. Criminal organizations often commit bank fraud, with multiple banks and systems coming into play, resulting in complex financial investigations. Because these cases can quickly become complex and convoluted, investigating bank fraud can be a meticulous and challenging process. However, by working closely with bank staff and using the latest investigative techniques, fraud investigators can often bring those responsible for bank fraud to justice. CSCT is home to some of the industry's top investigators, unequivocally preparing us for any situation.

CSCT's private investigator team is very familiar with law enforcement cooperation, often partnering with officials to present case-altering evidence and testimony. Our team may not directly take action, but we provide the best course of action along with meticulous records for individuals to seek justice. The accurate suspicious activity reports and witness testimony given by our private investigators is often the key to resolving fraud cases and other cybercrimes, whether the outcome is civil justice, conviction, or clearing your name.

Internal investigators often handle forensic accounting for banking institutions and large corporations. However, there are times when it's advantageous to partner with highly-trained private investigators to expediently resolve your issue. For matters outside of the typical data analytics and reporting handled by on-staff forensic investigators, you want the most experienced cybersecurity professionals by your side, and that's where CSCT comes in. Our financial fraud and cybercrime investigators discreetly and efficiently resolve fraud claims, repair system insecurities, and improve protocols to prevent fraud in the future.