Content by Suparna Goswami

Why It Was Important for IRS to Remove Facial Recognition

Suparna Goswami  •  February 11, 2022

Facial recognition as a tool is not bad, but the manner in which it is used can make it look bad, says Brett Johnson, a consultant on cybersecurity, cybercrime and ID theft who was a central figure in the cybercrime world for over 20 years.

How Fraudsters Changed Their Synthetic Fraud Tactics

Suparna Goswami  •  February 8, 2022

The modus operandi of fraudsters for synthetic ID fraud changed drastically between 2020 and 2021, says Al Pascual, senior vice president, data breach solutions at Sontiq, a TransUnion company. He discusses how the industry can collaborate better to reduce fraud.

How Data Analytics Helps Fight Financial Crime

Suparna Goswami  •  February 7, 2022

Digital newbies who began using online services during the COVID-19 pandemic are not very aware of organized crimes such as scams, and this increases the number of fraud incidents, says Charles Subrt, director of the fraud and AML practice at Aite-Novarica Group. He says financial institutions need to create a full...

Top Scam-Fighting Tactics for Financial Services Firms

Suparna Goswami  •  February 1, 2022

Fraudsters are having a field day as the pandemic persists, with experts warning that scams targeting consumers and businesses remain at record-high levels. To combat such attacks, experts say financial services firms need to bolster their identity controls with tools to more accurately track and counter scams

How Do You Detect - and Stop - Bank Identity Number Attacks?

Suparna Goswami  •  January 25, 2022

How do you identify a BIN - Bank Identity Number - attack, let alone stop it? Ernie Moran, senior vice president of risk at Brightwell Payments, shares his experience of how he managed a BIN attack on his firm.

Identity Market Likely to Consolidate in 2022

Suparna Goswami  •  January 18, 2022

In 2022, there will be a push for identity management capabilities that are behind the scenes and built into processes, says Peter Tapling, a board member on the U.S. Faster Payments Council.

Where Are You in Your Zero Trust Journey?

Suparna Goswami  •  January 6, 2022

Where are security practitioners in their zero trust journeys, and what approach to zero trust have they taken? Three experts - Netskope's David Fairman, Exceture's Mario Demarillas, and Petronas' Soumo Mukherjee - share their thoughts in a panel discussion.

Combating Synthetic ID Fraud in 2022

Suparna Goswami  •  December 22, 2021

Synthetic ID fraud has grown in popularity, with U.S. companies reporting losses of $20 billion in 2021 compared to $6 billion in 2016. Cybersecurity experts discuss with ISMG why this type of fraud has gained traction, how fraudsters use it, mitigation steps, and what we can expect in 2022.

Banish Sequential Numbering: How to Combat 'BIN Attacks'

Suparna Goswami  •  December 1, 2021

In order to identify BIN attacks, it is important for payment card brands to leverage AI and automated systems for monitoring transaction data to look for unusual patterns, says Keri Crane, advisory technical product manager with Jack Henry & Associates. She also discusses mitigation tips.

How Behavioral Biometrics Can Tackle AML Fraud

Suparna Goswami  •  November 18, 2021

One of the effective ways to tackle AML fraud is to leverage technologies such as behavioral biometrics and device biometrics, says Charles Subrt, director of the fraud and AML practice at Aite-Novarica Group.

Payment Card Fraud Trends in South Africa

Suparna Goswami  •  November 10, 2021

In order to counter card-not-present fraud, banks in South Africa need user and entity behavior analytics - or UEBA - and artificial intelligence says Deon Louw, head of fraud, RBB at Nedbank in South Africa.

Keeping the US Dollar on Top as Cryptocurrency Rises

Suparna Goswami  •  October 29, 2021

While overregulating the cryptocurrency space is not advisable, it is important for the Biden administration to look into the areas in which cryptocurrencies pose the greatest risks, says Nichole Dennis, director and government relations specialist with Cybercrime Support Network.

Spotting Credit Card Fraud in the Airline Industry

Suparna Goswami  •  October 22, 2021

With many countries opening up for tourists, the airline industry is seeing a rise in fraudulent credit card transactions, says Johan Waldeck, senior forensic investigator at Comair Limited, a leading South African airline company.

Profiles in Leadership: Dr. Frances Undelikwo

Suparna Goswami  •  October 11, 2021

Dr. Frances Undelikwo, divisional head of IT and operational risk management at Fidelity Bank in Nigeria, says she found her passion by trying out different departments and fields under information security. She discusses her career path and current role.

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.