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Step by Step – Understanding Cyber Crime and Introduction to Digital Forensic

October 16th, 2009 · No Comments

CSI World Headquarters is headed for exciting times! Inauguration of the CSI World Headquarters Malaysian Chapter in Kuala Lumpur is on the 18th of November 2009.

Member of the CSI Board of Governors and Tommy Seah, Honorary Life President of the CSI Malaysia Chapter will take their oath of office. The Interim Executive Committee will also be present for the swearing-in ceremony as they take the oath of office.

A Step-by-Step Masterclass on Cyber Crime and Digital Forensics will be organized for the next day, 19th November 2009. Cyber crime clearly is one of the hottest issues in the world today. And that’s not going to change in the foreseeable future – if ever. There is tremendous value in acquiring skills in computer forensics investigations and computer fraud risk management.

What is a Certified System Investigator (CSI)

In most cases, a CSI World Headquarters Certified member is someone who is already a professional in their respective area of expertise. This same person would have completed a further program of study and practical trainings in examining systemic risks, passed the Uniform CSI World Headquarters Examinations and obtained high standard of professional work experience in the field. Due to the high standard of this certifying program, it is becoming a much sought after benchmark in the financial market. An alternative route is made possible for the busy executive at the CSI annual conference. Attending the relevant master classes with 80% attendance will give the suitably qualified participants the fast track in becoming a CSI. Full details are available on the CSI membership application form.
This is an industrial recognition that numerous CPAs, CFEs, CFAs, etc. seek to be certified.

The program enhances their ability to communicate with other professionals in the area of:
1. Data and Digital Analysis
2. Fraud investigation
3. Financial Analysis

Enthusiastic internal and external auditors – and IT auditors – are using the knowledge from this certification program to bring value-added services to their clients and corporations.

Financial and IT institutions operate within global markets, where change and competitive pressures are constant. One key corporate strategy is to build up internal business competencies. Having people with the right competencies (the right knowledge, skills and attitude to perform specific job functions) who understand the markets and the operations, and can navigate through the intricacies of the market place is fundamental for financial institutions to ensure their long-term growth and success. CSI World Headquarters Certified members would be able to meet these requirements. Our objective is to increase the existing pool of competent industrial practitioners who can perform to international standards through a series of structured hands-on training programs.

Why become a CSI?

The knowledge needed to function effectively as a Professionals, Auditor, IT Specialists and Experts, Accountants, Financial executives, Fraud Investigators, etc. in all sectors continues to expand and change at a rapid rate. As a professional, you face increased knowledge and skill expectations, as well as unprecedented scrutiny.
Continued development of professional competence and lifelong learning are critical if the professional is to meet these expectations.

A case in point

The Financial Crisis towards the end of 2008 is a plain and simple case poor regulatory supervision failure in compliance and internal audit and mismanagement of the banks.
In order for Financial Institutions to hide as much in liabilities as they wanted, all these firms had to do was to create various types of special purpose entities (SPEs) in which they did not have a controlling interest. .In other words, if Bradley-Bingly and Lehman Brothers create a company in which they each take a 50% interest, neither company, technically, has a controlling interest.
Since the mortgage-backed securities that these companies created or bought were sold to investors, in many instances these SPEs were extremely lax in their underwriting standards. Subprime, Alt-A, interest only and adjustable mortgages with very low teaser rates were given to unqualified home buyers, then packaged and sold to unwary investors. Let the buyer beware. Meanwhile, these SPEs were sending profits up to their joint owners, and executives at these companies were making big bonuses based on spectacular reported earnings.

But as the orgy of lending got so out of hand that buyers of securitized mortgages began to balk, the plans went awry. The execs in big banks couldn’t stand to let the orgy end; so, they started guaranteeing the securities in order to get them sold. These guarantees eliminated their protection from the blowback of securities gone bad. Now the liabilities could end up on their balance sheets. Not surprisingly, many did.

That’s how we got here. That’s why investors will take hits in the hundreds of billions of dollars, and why taxpayers will pay in higher taxes or higher inflation or both. A few top executives will get fired, but they’re not giving back their bonus money, even though all the profits the bonuses were based on have evaporated along with billions of dollars of market capitalization.

YOU can stop this from happening again. Be a Certified System Investigator at our forthcoming Malaysia Chapter inauguration exercise.

For more information about the event, please click at the brochure link: or contact (65) 6222 9860 or email

Tags: Malaysian Cyber Law

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