Content by Suparna Goswami

Fighting Money Laundering: Overcoming Challenges

Suparna Goswami  •  August 31, 2020

Banks continue to face many challenges in complying with regulations while tackling the issue of money laundering, says K.V. Karthik of Deloitte India, who describes the findings of a new report on trends in South Asia.

Fighting Card-Not-Present Fraud

Suparna Goswami  •  August 24, 2020

Card-not-present fraud is rising as fraudsters inject malware into e-commerce websites to harvest account information, says Gord Jamieson of Visa. But the artificial intelligence models used to detect this fraud need to be refined to better mitigate this threat, he says.

Implementing DevSecOps in a Legacy Environment

Suparna Goswami  •  August 18, 2020

It's a myth that organizations with legacy systems cannot implement DevSecOps, says Md.Mahbubul Alam Rafel, head of information security at Prime Bank in Bangladesh.

How AI Can Help to Combat Fraud

Suparna Goswami  •  August 17, 2020

After a data breach, organizations should use artificial intelligence to help combat fraud, says Jim Van Dyke, CEO at the security firm Breach Clarity, who offers strategic insights.

Fighting Fraud: Understanding Threat Actors' Techniques

Suparna Goswami  •  August 11, 2020

The fight against fraud requires more than using the right technologies; it requires understanding threat actors' techniques, says Robert Villanueva of Q6 Cyber.

Using Machine Learning to Fight Money Laundering

Suparna Goswami  •  August 7, 2020

Machine learning can play a significant role in mitigating money laundering risks, says Andy Gandhi, managing director, data risk and compliance at the consultancy Alvarez and Marsal.

Using Digital IDs to Fight Financial Fraud

Suparna Goswami  •  July 16, 2020

The Institute of International Finance, a global association of financial institutions, is focusing on strategies for using digital identification and machine learning to combat financial crime, says Matthew Ekberg, a senior policy adviser at the institute.

Effective Ways to Protect Corporate Data

Suparna Goswami  •  March 23, 2020

Not knowing where all the data resides in an organization is a major hurdle when it comes to protecting and securing that data, says Prakash Kumar Ranjan, senior manager and lead, IT and information security audit, Airtel Payments Bank.

Protecting Ecommerce Sites From Card Data Theft

Suparna Goswami  •  February 18, 2020

The posting of Indian payment card details for sale on the dark web is increasing. That's why it's so important that ecommerce sites check their systems for vulnerabilities, says Nicholas Palmer, head of international business development at Group-IB.

South Korea New Target for Payment Fraud

Suparna Goswami  •  August 9, 2019

Threat actors are increasingly targeting the APAC region for payment card fraud, according to a report from Gemini Advisory. For example, a group of hackers recently stole information on more than 1 million credit cards in South Korea. What can be done to stop the fraud?

Despite Shift to EMV, ATM Fraud Persists

Suparna Goswami  •  June 21, 2019

Despite India's move to EMV-chip payment cards, ATM fraud continues to take place. Experts say risk of skimming is not eliminated with chip cards if they still have magnetic stripe and ATMs continue to read these stripes.

Government Mulls Banning Cryptocurrencies

Suparna Goswami  •  June 13, 2019

Regulators from government ministries, as well as law enforcement authorities, are considering a ban in India on the sale, purchase and issuance of all types of cryptocurrencies, including Bitcoin, according to news reports.

Hackers Steal $41 Million Worth of Bitcoins From Binance

Suparna Goswami  •  May 8, 2019

Hackers stole 7,000 bitcoins, valued at about $41 million, from Binance, one of the world's largest cryptocurrency exchanges, the company confirmed Wednesday. The incident is the latest in a string of thefts from cryptocurrency exchanges around the world.

E-Wallet Authentication Methods: Are They Inadequate?

Suparna Goswami  •  April 26, 2019

Most of India's e-wallet companies are taking an inadequate, single-factor approach to user authentication, relying only on one-time passwords delivered via SMS, some security experts say.

Cyberattack Hits State Bank of Mauritius' India Operations

Suparna Goswami  •  October 5, 2018

The East African institution State Bank of Mauritius says its India operations may have lost $14 million as a result of a cyberattack Tuesday. Although the bank did not confirm the exact nature of the attack, some security experts suspect it involved fraudulent transactions via the SWIFT network.