Content by Suparna Goswami

Zero Trust: How to Know What Your Crown Jewels Are

Suparna Goswami  •  December 14, 2022

To get zero trust strategy right, it is important to know what exactly to protect and decide what your crown jewels are. Three panelists discuss the various ways to do that and also offer their thoughts on whether zero trust is need for everything.

Authorized Payment Scams: Why Banks Are So Slow to Respond

Suparna Goswami  •  November 22, 2022

Banks are getting better at catching a wide range of scams targeted at customer accounts, but they are still struggling with stopping authorized payment fraud through peer-to-peer payment companies such as Zelle, says David Pollino, former divisional CISO with PNC Bank.

Should Banks Be Held Liable for Authorized Fraud?

Suparna Goswami  •  November 11, 2022

The United Kingdom and many other countries are considering ways to make banks liable for authorized payment fraud and lift the burden from millions of victims of online scams. Trace Fooshee, strategic adviser at Aite-Novarica Group, shares his views on why this might not be such a great idea.

The Rise of Online Scams, Why New Security Tools Are Needed

Suparna Goswami  •  November 1, 2022

With fraudsters evolving their tactics and tricking a growing number of people with authorized payment scams, it's time for banks and security solution providers to explore new ways to protect consumers who are left holding the bag, says Ian Mitchell, managing partner at Omega FinCrime.

Tools to Reduce Authorized Payment Fraud and Scams

Suparna Goswami  •  October 27, 2022

Since Zelle fraud has increased 109% in the United States, the banking industry is struggling to reduce authorized push payment scams. Ken Palla, former director at Union Bank, shares tips for combating fraudsters, including delays on large transactions, education and behavioral analytics.

Banks on Alert for Check Fraud, Insider Fraud and Scams

Suparna Goswami  •  October 20, 2022

Fraudsters are using tried-and-true tactics such as check washing as well as Zelle scams and a host of insider threats to scam banks and their customers. Frank McKenna, chief fraud strategist at Point Predictive and author, explains why fraud is on the rise and the steps banks can take to stop it.

Top Fraud Trends to Watch in 2023

Suparna Goswami  •  October 11, 2022

Both internal and external fraud are expected to grow as economic conditions worsen. Fraud education expert Andi McNeal shares insights on what anti-fraud practitioners are expecting over the next year, the types of fraud to watch out for and how to mitigate fraud risks.

How 8 Countries Are Tackling Authorized Payment Fraud

Suparna Goswami  •  September 9, 2022

Banking regulators are looking for ways to tackle authorized payment scams, such as spreading the risk to other banks. In a new report on how eight countries are handling this fraud, researcher Ken Palla advises banks to focus on reimbursing victims and preventing the theft.

How to Spot the Latest Tactics in Business ID Scams

Suparna Goswami  •  September 5, 2022

Why is business identity theft increasing, and what are the latest tactics fraudsters are using to scam businesses and gig workers? Eva Velasquez, CEO at the Identity Theft Resource Center, shares her views on how business identity theft has evolved over the years and how to prevent it.

Finding the Balance to Tackle Business ID Theft

Suparna Goswami  •  August 16, 2022

Research by Dun & Bradstreet says business identity fraud jumped 254% in 2020. Tools can help prevent this fraud but may create greater friction, say Andrew La Marca, senior director at Dun & Bradstreet, and Ralph Gagliardi, agent in charge, High Tech Crimes Unit, Colorado Bureau of Investigation.

How To Reduce Authorized Payment Fraud

Suparna Goswami  •  August 8, 2022

What makes authorized payment scams hard to detect? The speed and volume of transactions hinders banks in monitoring for fraud, but David Lott, payments risk expert with the Federal Reserve Bank of Atlanta, says educating customers and leveraging the right technology can help reduce scams.

Should US Banks Do More to Reduce APP Fraud?

Suparna Goswami  •  August 1, 2022

The US Consumer Financial Protection Bureau reportedly plans to release new guidance requiring banks to reimburse consumers for certain money-transfer service scams. Ken Palla, former director at Union Bank, says banks might look to the U.K. for examples of how to stop authorized push payment fraud.

The Crucial Ingredients of a Good Cyber Resilience Program

Suparna Goswami  •  July 21, 2022

The basic foundation of designing a reliable and dynamic cyber resilience program is to have an elaborate incident response plan that can take into account different cyberthreat scenarios and outcomes, says Singapore-based Christophe Barel, who is managing director for Asia-Pacific at FS-ISAC.

How Zero Trust Can Simplify Your Security Infrastructure

Suparna Goswami  •  July 20, 2022

How does a zero trust architecture help reduce the risk of remote access to corporate networks? Ajay Kumar Dubey, channel director at Forcepoint, shares his views on why VPNS are no longer relevant. He also discusses implementing SASE and controlling access to cloud and private apps.

Synthetic ID Fraud: Continuous Monitoring Is the Key

Suparna Goswami  •  July 15, 2022

Synthetic identity fraud can take eight to 12 months before resulting in mass fraud, meaning banks must leverage that opening to reauthenticate customers, says, Greg Woolf, founder and CEO of FiVerity. Synthetic IDs are often hard to detect, but "over a period of time, there are telltale signs."