Forensic Analysis for Monitoring Database Transactions

Abstract

Database forensics aids in the qualification and investigation of databases and facilitates a forensic investigator to prove a suspected crime which can be used to prevent illegitimate banking transactions. The banks deals in public money but unfortunately are becoming vulnerable by receiving illegal money in the form of legitimate business. The absence of any preventive measures in the banks to monitor such scam would be perilous some day. If they violate relevant laws and regulatory guidelines they can unknowingly keep raising Money Laundering practices in their system. In this article we propose a forensic methodology for private banks to have ongoing monitoring system as per Reserve Bank of India (RBI) guidelines for financial transactions which will check their database audit logs on continuous basis for marking suspected transactions if any. These transactions are then precisely analyzed and verified with Dempster Shafer Theory of Evidence to generate suspected reports automatically as required by Financial Intelligence Unit.