Content by Suparna Goswami

Is Microsegmentation for Zero Trust Defenses Worth It?

Suparna Goswami  •  February 27, 2024

Microsegmentation is a fundamental concept in zero trust security, but CISOs should assess its feasibility before diving in. This is particularly true in a public cloud environment where there is no real network policy, said David Holmes, principal research analyst at Forrester.

Privacy Teams Expected to Guard AI Future

Suparna Goswami  •  February 22, 2024

In most organizations, the privacy team plays an important role in artificial intelligence implementation and governance. Tarun Samtani, DPO and privacy program director at International SOS, said privacy principles inherently align with the demand for responsible data use of AI technology.

Moving First-Party Fraud Out of the Bank's Blind Spot

Suparna Goswami  •  February 20, 2024

Unlike identity theft, first-party fraud is harder to spot when a consumer opens an account. To guard against this growing blind spot, banks need to invest in transaction-monitoring tools and take a more holistic approach to fraud, said Ian Mitchell, co-founder of Mission Omega.

Data Insights Are Key to Fighting Synthetic ID Fraud

Suparna Goswami  •  February 12, 2024

Synthetic IDs remain a problem not because of a lack of data but because of failure to identify the right data and establish correlations, said Steve Lenderman, co-chair of the Industry Working Groups for the International Association of Financial Crimes Investigators.

Navigating API Integration With a Zero Trust Approach

Suparna Goswami  •  January 31, 2024

IT organizations are constantly creating new APIs to link to external services, but how can security teams ensure these APIs will integrate with zero trust principles? The first step is finding out which APIs fit with the architecture, said Rohit Rane, CISO of HDFC Pension Management Co.

Exploring Generative AI's Role in Threat Hunting

Suparna Goswami  •  January 24, 2024

Emerging artificial intelligence and machine learning technologies will help transform the job of threat hunting over the next few years by streamlining processes and driving innovation, predicted Rohit Shrivastava, vice president of cyber defensive operations with a multinational bank.

Mobile Driver's Licenses for Secure Digital Verification

Suparna Goswami  •  January 18, 2024

The United States has no national ID - but mobile driver's licenses could offer a secure, user-centric and privacy-enhancing alternative for online identity verification and help organizations overcome deficiencies in digital identity infrastructure, said Jeremy Grant, managing director at Venable

Moving From Reimbursement to Tighter Controls on APP

Suparna Goswami  •  January 15, 2024

Consumer groups continue to fight for banks to reimburse victims of authorized push payment scams, but regulators in some countries including the United Kingdom and Australia are looking for ways to tighten controls, said Ken Palla, fraud expert and retired director at MUFG Union Bank.

Fraudsters Emerge From Dark Web With New Tactics for 2024

Suparna Goswami  •  January 11, 2024

Fraudsters have long relied on mule accounts to deposit proceeds from a variety of scams, but financial crimes investigators are seeing a shift to dropped accounts, which can be opened and quickly discarded to evade detection by law enforcement, said M&T Bank's Karen Boyer.

How SASE and NDR Complement Each Other

Suparna Goswami  •  January 11, 2024

To get the right security tools for your hybrid environment, it is important to have clarity about your cloud strategy, experts from NetWitness said. While the pandemic forced businesses to be on the cloud, they are now in a stage where they are rethinking their cloud strategies.

How AI Is Transforming Payment Risk and Fraud at Genpact

Suparna Goswami  •  January 4, 2024

There are many potential uses for generative AI at financial services firms, but few are more promising than those in the areas of risk and fraud, said Kristine Demareski, vice president of payments at Genpact, which is already harnessing AI to increase efficiencies in analysts' decision-making.

Looking Ahead: Mobile Driver's Licenses for ID Verification

Suparna Goswami  •  December 19, 2023

Fraudsters can now easily create fake driver's licenses to scam banks and merchants. Moving to electronic identification that can be stored on mobile devices has the potential to unlock innovation in the identity verification space, said Mary Ann Miller, vice president of client experience at Prove.

Synthetics, Mule Accounts Will Still Pose Threats in 2024

Suparna Goswami  •  December 18, 2023

Synthetic IDs and mule accounts will continue to be a huge problem in 2024 even though vendors and financial institutions now recognize the problem and are beginning to address these risks, according to Trace Fooshee, strategic adviser at Datos Insights.

2023 Fraud Highlights: Check Fraud, Scams, Account Takeover

Suparna Goswami  •  December 13, 2023

Check fraud, scams and account takeovers dominated the fraud landscape in 2023. Banks and other financial institutions are expected to continue to struggle with account takeovers as fraudsters have changed their modus operandi, making it difficult to track fraudulent proceeds.

Payments Fraud: What to Expect in 2024

Suparna Goswami  •  December 11, 2023

As the adoption of real-time payments increases, the United States will likely see an increase in scams, which will further fuel the debate about reimbursement models for FedNow and RTP networks, said Peter Tapling, board member at the U.S. Faster Payments Council.