Content by Suparna Goswami

Lessons Learned From Brazil's PIX for US FedNow Program

Suparna Goswami  •  July 20, 2023

Brazil's instant payment system, PIX, is second only to India's UPI in number of transactions. As the United States prepares for the launch of FedNow, GFT's Carlos Kazuo Missao shares his experience with PIX and some important lessons U.S. banks can learn from Brazil.

OT Security Is More Than Just Cybersecurity

Suparna Goswami  •  July 18, 2023

While IT-OT convergence is accelerating, awareness and maturity of OT technologies still have a long road ahead. In this transition, organizations need to ensure the safety and health of workers is always the top priority for OT security, said Andre Shori, CISO, APAC with Schneider Electric.

Palo Alto Networks' CIO on Gains in the Workplace From Generative AI

Suparna Goswami  •  July 14, 2023

Palo Alto Networks is experimenting with generative AI to improve product delivery and employee experience. The company just completed a proof of concept for a go-to-market strategy for product relaunches, and AI is helping to accelerate the process, said Meerah Rajavel, CIO of Palo Alto Networks.

TRAI Needs to Go Beyond AI to Solve the Problem of Spam

Suparna Goswami  •  July 10, 2023

The Telecom Regulatory Authority of India has mandated that telco firms deploy AI filters to block unsolicited calls and messages. But who will create this model, and who will acquire the data? Anand Venkatanarayanan, co-founder of DeepStrat, discussed multiple issues that need to be resolved.

Accounting Fraud: Which Tools Should You Invest In?

Suparna Goswami  •  July 5, 2023

Accounting statement fraud is hard to catch, typically requiring specialized anti-fraud tools and an understanding of how fraudsters think. In this second installment on accounting fraud, a panel of experts discussed the tools available and why you need fraud expertise to build an effective system.

Who Should Pay for Payment Scams - Banks, Telcos, Big Tech?

Suparna Goswami  •  July 3, 2023

Big banks want social media firms to take accountability for scams that occur on their payment platforms, but that doesn’t mean reimbursing victims. Banks need to take the lead in making victims whole quickly. And big tech and telcos need to kick the scammers out of their platforms.

Lt. Gen. Nair Appointed National Cybersecurity Coordinator

Suparna Goswami  •  July 3, 2023

Lt. Gen. M.U. Nair has been appointed the new national cyber security coordinator. He succeeds retired Lt. Gen. Dr. Rajesh Pant. The selection of Nair, who previously served as signal officer in chief at the Indian Army's headquarters, signifies renewed focus on national cyber defense capabilities.

Accounting Fraud: Why Can't the Industry Get It Right?

Suparna Goswami  •  June 30, 2023

While financial fraud has been prevalent for years, businesses still struggle to find it among large pools of data. In this second installment on accounting fraud, a panel of experts discussed the challenges including a lack of resources, skills and tools to identify fraud.

Bridging the Security and Business Gap

Suparna Goswami  •  June 27, 2023

While CISOs need to show the security road map to the businesses, they also cannot act as a showstopper for them. Rather than understanding only the technical nuances of a company, a CISO must invest time to understand the function of each stakeholder, said Silvia Lam Ihensekhein of Swire Coca-Cola.

How Malaysia Is Building a Secure 5G Network

Suparna Goswami  •  June 26, 2023

Digital Nasional Berhad, which manages Malaysia's 5G network, follows five principles to ensure a cyber-resilient network. Baljit Dhillon shared how the organization focuses on secure design, zero trust, supply chains, detection and understanding the impact of a compromise.

Underlining Engineers' Crucial Role in OT Security Measures

Suparna Goswami  •  June 22, 2023

Operational technologies straddle both IT and production systems, which means multiple people need to own OT security risk. Security programs must heavily involve engineers in OT security and assign different security roles across the enterprise, said AJ Eserjose, Regional Director of OT-ISAC.

APP Scams Rise as Adoption of Real-Time Payments Grows

Suparna Goswami  •  June 15, 2023

As countries across the globe adopted real-time payments at breakneck speed over the past year, experts said authorized push payments fraud sharply increased. APP scams nearly doubled year-over-year compared to other types of fraud. ACI Worldwide's Jackie Barwell shared fraud trends in a new report.

How AI Is Helping Banks Spot Money Mule Accounts

Suparna Goswami  •  June 14, 2023

Each year, billions of dollars are transferred in and out of money mule accounts to support a variety of money laundering schemes. But banks are now using machine learning and AI more effectively to spot mule accounts. Two experts shared the latest approaches and tools for beefing up AML programs.

UK Takes the First Step to Stop Authorized Payment Scams

Suparna Goswami  •  June 12, 2023

U.K. banks will soon have to reimburse customers who fall prey to authorized push payment scams. The U.K.'s Payment Systems Regulator recently released a policy that would split the reimbursement cost between sending and receiving banks and incentivize the industry to invest in fraud prevention.

How Banks in Indonesia Are Preparing to Meet OJK Regulations

Suparna Goswami  •  June 5, 2023

OJK, the financial regulator in Indonesia, in December 2022 introduced regulations to ensure better cyber resilience for the financial industry. Wahyu Agung Prasetyo, IT and cyber risk management head at Bank Mega, shared how his bank is preparing to meet the regulations and the challenges ahead.