

For instance, unauthorized and illegal online third-party sales channel may sell branded products at heavy discounted prices. The supply chain have become a source of fraud such as counterfeiting. Furthermore, the e-commerce is emerging as a new distribution channel for the consumer goods industry. To minimize these security issues, enterprises in consumer goods industry are implementing digital forensic tools to streamline their business processes. According to CMI’s analysis, most of the survey respondents belonging to the consumer goods industry have experienced bribery, diversion of goods, and corruption over the past few years.

These third-party touch-points of consumer goods industry are responsible for the increasing risk of collusive frauds that are difficult to identify. Enterprises dealing with consumer goods tend to have various third-party touch points, which include transporters, vendors/suppliers, third party manufacturers or subcontractors, stockiest, packers, and other third party service providers. Frauds could be a challenge for the consumer goods industry, with the potential to impact finances, brand value, and customer trust. The global digital forensics market is expected to witness significant growth during the forecast period (2020–2027) due to the growing consumer goods & retail industries. The digital forensics include number of steps and has impact on various stages of an investigation including Data Collection, Hosting, Review, Data Processing, Production, e-mail analytics, and Social networking & timeline analysis. Digital forensics is a multifaceted process that helps business organizations to streamline and simplify their business tasks by detecting issues and increase litigation, investigations, and regulatory readiness. Information and Communication Technologyĭigital forensics plays a vital role in enterprise applications in order to address numerous problems such as facilitating IT security and incident response to empower the human resource investigations and forensic analysis of digital devices.
