Cyber Fraud Claims

In an era of rapid digital transformation, financial institutions, corporate enterprises, and commercial entities face an escalating threat from sophisticated cyber fraud. At Q.A. Shirazi Surveyors (Pvt) Limited, we combine technical forensic analysis, financial auditing, and deep policy knowledge to investigate digital financial crimes, unauthorized electronic fund transfers, and cyber extortion losses.

Our Expertise

  • Forensic Digital & Financial Analysis: Investigating unauthorized electronic funds transfers (EFT), business email compromise (BEC), wire fraud, and social engineering attacks to trace transaction pathways and identify initial breach vectors.

  • Technical & IT Systems Inspection: Evaluating digital evidence, access logs, system vulnerabilities, and authentication controls to verify the mechanics of a cyber intrusion.

  • Loss Quantification & Recovery Support: Assessing actual financial quantum loss, indirect expenses, and potential fund recovery mechanisms through banking and cyber incident response protocols.

  • Independent Investigation Reporting: Delivering objective, evidence-backed loss adjusting reports designed to clarify liability, cause of loss, and financial exposure for underwriters and policyholders.

Understanding Fraud Claims

  • Business Email Compromise (BEC): Fraudulent redirection of payments resulting from compromised corporate email accounts or impersonation of executives and vendors.

  • Unauthorized Electronic Funds Transfer: Cyber-enabled unauthorized manipulation of banking portals, payment gateways, or automated clearing house (ACH) systems.

  • Ransomware & Extortion Losses: Evaluating financial demands, system restoration costs, and operational downtime resulting from malicious encryption or data exfiltration.

  • Social Engineering & Phishing: Tracing credentials theft and unauthorized access gained through deceptive communication targeting organizational personnel.

  • Forensic Digital & Financial Analysis: Investigating unauthorized electronic funds transfers (EFT), business email compromise (BEC), wire fraud, and social engineering attacks to trace transaction pathways and identify initial breach vectors.

  • Technical & IT Systems Inspection: Evaluating digital evidence, access logs, system vulnerabilities, and authentication controls to verify the mechanics of a cyber intrusion.

  • Loss Quantification & Recovery Support: Assessing actual financial quantum loss, indirect expenses, and potential fund recovery mechanisms through banking and cyber incident response protocols.

  • Independent Investigation Reporting: Delivering objective, evidence-backed loss adjusting reports designed to clarify liability, cause of loss, and financial exposure for underwriters and policyholders.

  • Verification of Breach Mechanics: Establishing that the loss resulted directly from an insured cyber event, covered peril, or unauthorized access as defined by the policy.

  • Coverage Limits & Deductibles: Reviewing sub-limits, specific cyber fraud endorsements, dynamic loss limits, and applicable policy deductibles.

  • Proof of Loss & Documentation: Examining bank statements, audit logs, system entry records, internal security incident reports, and police/regulatory intimations.

  • Timeliness of Intimation & Mitigation: Evaluating compliance with policy intimation timelines and assessing actions taken by the insured to freeze fraudulent transfers and mitigate loss.