Content by Suparna Goswami

Online Card Fraud Flourishes, Thanks to the Magnetic Stripe

Suparna Goswami  •  March 23, 2023

EMV chip technology has taken a major bite out of credit card fraud at the point of sale, but card-not-present fraud continues to flourish thanks to an age-old technology - the magnetic stripe, says Mark Solomon, international president, International Association of Financial Crimes Investigators.

How Innovative Security Tools Cut Video Piracy by 85%

Suparna Goswami  •  March 20, 2023

Video piracy is a major concern for security teams in the media industry. Commander Praveen Kumar, global CISO of media conglomerate Zee Entertainment and winner of ISMG's Dynamic CISO Excellence Award for ROI Champion, shares his secret for reducing piracy by 85%.

Finding the Right Strategy for Building Cybersecurity Skills

Suparna Goswami  •  March 20, 2023

ISMG presented the 2023 Dynamic CISO Award to Vaibhav Tole, director of global cybersecurity at Cyient, who developed skills internally and created a team to handle incident response in-house. ISMG caught up with Tole at the conference to understand how he is doing more with less these days.

Marking Your Security Controls to Threats to Expand Defenses

Suparna Goswami  •  March 20, 2023

There is a need to mark security controls to the threats that are out in the market, says Durga Prasad Dube, who is the executive vice president with Reliance Industries. By continually evaluating controls, organizations can create greater efficiencies and increase resiliency, he says.

The Security and Regulatory Challenges of 5G

Suparna Goswami  •  March 15, 2023

5G networks are different from previous generations of network technologies, which means they require a different kind of security and privacy tool, says Md. Mahbub Hasan of Axiata Group Berhad. Organizations must consider the new threats from cloud-based 5G services and new regulatory requirements.

Supply Chain Attack: The Challenges and Misconceptions

Suparna Goswami  •  March 1, 2023

What's the best way to overcome lack of supply chain visibility? What are the privacy challenges of storing, transferring and allowing third parties to use personal data? Two experts share their thoughts on how to navigate cybersecurity and regulatory issues across multiple countries and industries.

Why Fraud Continues to Dominate Faster Payments

Suparna Goswami  •  March 1, 2023

Faster payment technology has been around for years, but fraud continues to dominate the conversation, says Reed Luhtanen of the U.S. Faster Payments Council. Luhtanen says all payment systems have a fraud problem, and firms will be able to curb faster payment fraud with more experience and data.

How to Fight Check Fraud: Look Beyond Technology

Suparna Goswami  •  February 24, 2023

Tools such as image analysis are of little help to banks dealing with check fraud since, most of the time, checks that are deposited are legitimate, says Karen Boyer, senior vice president for financial crimes at M&T Bank. She says the best way to deal with this fraud is to closely monitor accounts.

How to Get Ahead of Critical OT Vulnerabilities

Suparna Goswami  •  February 22, 2023

Vulnerability management and patching are major OT security challenges for security practitioners, says Alexander Antukh, CISO at AboitizPower, a leading provider of renewable energy in the Philippines. He advises fixing critical vulnerabilities first and creating a road map for better security.

New Tools and Integration Are Detecting Check Fraud Faster

Suparna Goswami  •  February 20, 2023

The false positive rate for detecting check fraud typically is very high because it's such an analog process. To detect fraudulent checks faster, banks need to pair their legacy detection capabilities with image analysis solutions, says Trace Fooshee, strategic adviser with Aite-Novarica Group.

Establishing Strategic Risk Management Priorities With AI

Suparna Goswami  •  February 17, 2023

With the advent of ChatGPT, the topic of artificial intelligence is gathering momentum. The question on everyone's mind is, "How can the cybersecurity community leverage AI to predict and detect attacks?" Three experts discuss the various challenges and opportunities of AI.

Check Fraud: An Easier Route for Fraudsters?

Suparna Goswami  •  February 9, 2023

Improved credit card security has forced fraudsters to look for other channels, and check fraud is proving to be an easier route for them, says Michael Diamond of Mitek Systems. Even worse, new technologies are enabling fraudsters to develop even better counterfeit checks.

Dr. Jassim Haji on the AI Conundrum for Cyber Defenders

Suparna Goswami  •  February 8, 2023

The complexities and lengthy processes involved in creating and deploying an artificial intelligence algorithm often act as roadblocks that keep cyber defenders from moving quickly against the attackers, says Dr. Jassim Haji, president of the International Group of Artificial Intelligence.

Leveraging AI for EDR Solutions

Suparna Goswami  •  February 7, 2023

The aim of AI in EDR solutions is to streamline the process to ensure humans are able to consume and understand the data in order to respond well, says Serge Woon, worldwide tech sales leader and co-founder at ReaQta, part of IBM. In this roundtable preview, he explains why AI is so crucial to EDR.

Check Fraud: What Hurdles Are Facing Banks?

Suparna Goswami  •  February 6, 2023

Banks are losing hundreds of millions of dollars a year to check fraud - if not more, says David Maimon, professor of criminal justice and criminology at Georgia State University. The major hurdle facing banks is that they are not able to share information with each other about fraudulent checks.