Content by Suparna Goswami

The Difference Between Espionage and Financial Breaches

Suparna Goswami  •  September 7, 2021

Cyberespionage breaches take longer to discover than financial breaches. One of the biggest clues to finding them lies in understanding suspicious network traffic. John Grim of the Verizon Threat Research Advisory Center shares insight from a new study of cyberespionage trends.

How Enterprises Can Prevent Faster Payment Fraud

Suparna Goswami  •  August 10, 2021

Faster payments between enterprises pose different fraud-fighting challenges than faster payments involving consumers because of the large size of the payment amounts, says Peter Tapling, board member at U.S. Faster Payments Council.

New Project Studies Online Payments Fraud Prevention

Suparna Goswami  •  July 27, 2021

The Federal Reserve Bank of Atlanta and Georgia State University’s Evidence-Based Cybersecurity Research Group are working together on a research project focused on how to prevent online payments fraud. Two participants describe the project's goals.

Using XDR to Detect Ransomware, Supply Chain Attacks

Suparna Goswami  •  July 14, 2021

Extended detection and response, or XDR, can play an important role in improving the detection of ransomware and supply chain attacks, says Peter Firstbrook of Gartner.

Best Practices for Fighting Authorized Push Payment Fraud

Suparna Goswami  •  June 23, 2021

How can financial institutions deal with the problem of authorized push payment fraud? Three experts - Karen Boyer of People’s United Bank, Alasdair MacFarlane of NatWest Bank and Dave Excell of Featurespace - offer their insights on best practices.

P2P Payments: How to Balance Security and Convenience

Suparna Goswami  •  June 16, 2021

Jim Bray of Identité, an authentication solutions firm, and Steve Ledford of The Clearing House, a payments platform that all federally insured U.S. depository institutions are eligible to use for payments, discuss the role that biometrics can play in preventing P2P payment fraud while maintaining consumer...

Verizon Breach Report: Ransomware, Phishing and Top Trends

Suparna Goswami  •  June 8, 2021

Ransomware attacks have evolved over the years as attackers have come out with new strategies for digital extortion, says Chris Novak, global director of the Threat Research Advisory Center at Verizon Business Group. He shares insight from the Verizon 2021 Data Breach Investigations Report.

Using Behavior Metrics to Detect Authorized Payment Fraud

Suparna Goswami  •  June 4, 2021

It is particularly challenging for financial institutions to catch authorized push payment fraud. But behavioral metrics can play a big role in detecting these incidents, says Steve Ledford of The Clearing House.

Leveraging Machine Learning to Fight Money Laundering

Suparna Goswami  •  May 31, 2021

Machine learning can play a big role in fighting against money laundering, says Rene Perez, financial crimes consultant at Jack Henry and Associates.

Battling P2P Payments Fraud: A Team Approach

Suparna Goswami  •  May 25, 2021

To effectively battle against P2P payment fraud, it's essential that financial institutions make sure their fraud teams and AML teams closely collaborate, says John Buzzard, a fraud-fighting specialist at NICE Actimize.

Authentication Challenges in Faster Payments

Suparna Goswami  •  May 18, 2021

When it comes to faster payments, the only way to control fraud is to build in fraud and risk mitigation plans before a transaction is made, says Peter Tapling, board member, U.S. Faster Payments Council.

Vulnerability Management: Essential Components

Suparna Goswami  •  May 3, 2021

Effective vulnerability management requires more frequent scanning of infrastructure, says Steve Yurich, CISO at Penn National Insurance, who explains his organization's approach.

The Role of Predictive KYC in Fighting Money Laundering

Suparna Goswami  •  April 9, 2021

How can automation help to reduce money laundering fraud? Larry Gordon and Kathleen Gowin of the consultancy Endurance Advisory Partners describe how predictive KYC can help mitigate risks.

Strategies for Fighting Synthetic ID Fraud

Suparna Goswami  •  March 16, 2021

To mitigate the fraud risks posed by synthetic IDs, banks should use consumers' devices to help with authentication, says Karen Boyer, vice president of financial crimes and fraud intelligence at People’s United Bank, based in Connecticut.

Correcting the Process of Continuous Monitoring

Suparna Goswami  •  March 10, 2021

Legacy tools and applications often prevent enterprises from adopting monitoring approach, says Ranndeep Chonker, manager security & risk practice, Asia & India at ServiceNow.