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* What role do forensic accountants play in evaluating the financial impact of cyber fraud on an organization, and how do they assist in recovery
What role do forensic accountants play in evaluating the financial impact of cyber fraud on an organization, and how do they assist in recovery efforts?Cyber fraud can have severe financial implications, including direct monetary losses, regulatory fines, and reputational damage. Forensic accountants evaluate the financial impact by analyzing compromised accounts, assessing the scope of the breach, and quantifying the losses. They work with cybersecurity experts to trace the origins of the fraud and identify vulnerabilities exploited by attackers. Forensic accountants also assist organizations in developing recovery plans, which may include seeking legal restitution and implementing stronger cybersecurity measures. How effective are forensic accountants in helping organizations recover from cyber fraud incidents?
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