Suparna Goswami

Associate Editor, ISMG

Goswami has more than 10 years of experience in the field of journalism. She has covered a variety of beats including global macro economy, fintech, startups and other business trends. Before joining ISMG, she contributed for Forbes Asia, where she wrote about the Indian startup ecosystem. She has also worked with UK-based International Finance Magazine and leading Indian newspapers, such as DNA and Times of India.

AI Threats to Authentication Lead 2024 Fraud Trends

Suparna Goswami • December 8, 2023

In the future, deepfake technology will have a significant impact on newer forms of authentication such as voice and facial recognition and pose new challenges to defenders, said Ofer Friedman, chief business development officer at AU10TIX, an Israel-headquartered identity verification company.

SolarWinds Ruling: Why CISOs Need to be Aware of Fraud

Suparna Goswami • November 27, 2023

The SEC recently charged SolarWinds and its CISO for fraud amid cybersecurity lapses. Most organizations are reckless in making statements to the market to preserve their company's stock prices, not realizing that this is tantamount to fraud, said experts.

The Role of Automation in Third-Party Risk Management

Suparna Goswami • November 15, 2023

The vast range of questionnaires used in the current third-party assessment process make the process ineffective because the questionnaires typically do not give the context required for specific organizations with unique needs, according to Darshan Lakha, head of cybersecurity at Vodacom Group.

Credit Repair Firms Driving $20B Synthetic ID Fraud Crisis

Suparna Goswami • November 9, 2023

The battle against synthetic identity fraud has reached a critical point, as credit repair companies now play a major role in exacerbating this pervasive form of fraud. Synthetic identity fraud now comprises 85% of all identity fraud cases, with up to $20 billion in annual losses.

Israeli SMBs Warned to Cut External Comms to Reduce Risks

Suparna Goswami • November 7, 2023

Israel is known for its cyber resilience, but small and medium businesses in the country need to reduce external communication during wartime to reduce their attack surface, said May Brooks-Kempler, director of Cyber Range Solutions and founder and former president of ISC2 Israel Chapter.

Generative AI: A Game Changer for Security Skills Training

Suparna Goswami • October 23, 2023

Generative AI facilitates on-the-job learning, empowering team members to upskill themselves as they work and ultimately strengthening an organization's overall security posture, according to Fabio Fratucello, field chief technology officer, international, at CrowdStrike.

How Bank Impersonation Scams Erode Customer Trust

Suparna Goswami • October 17, 2023

Each year, financial scams cost banks up to $400 million in losses. Despite heavy investments in anti-fraud technology, banks are struggling to protect customers. Bank impersonation scams continue to be the most widely used approach for duping banking customers, said CEO of a stealth startup and the former senior...

How to Handle AI-Biased Results

Suparna Goswami • October 16, 2023

Businesses and governments have been using artificial intelligence and machine learning for years, but little has been done to understand its biases. Aditya Vasekar, senior principal for product security with Microsoft, discussed AI bias challenges and how organizations can address them.

Credit Repair Industry Is Driving Synthetic ID Fraud

Suparna Goswami • October 3, 2023

The credit repair industry plays a pivotal role in propelling the latest synthetic ID tactics, which are being used to commit multiple types of account fraud. Two experts shared their insights on why fraudsters are more likely to abuse deposit bank accounts than credit cards these days.

How Can FedNow Recruit More US Banks? Lessons From Brazil

Suparna Goswami • September 18, 2023

With only 90 early adopters, Federal Reserve's FedNow program faces the challenge of persuading U.S. banks to sign on to the real-time payments initiative launched in July. Experts say the Fed could learn some lessons from successful efforts in Brazil and India.

Auto Lending Industry Is New Frontier for Synthetic ID Fraud

Suparna Goswami • September 11, 2023

Synthetic ID fraud is nothing new, but it is expanding beyond fraudulent bank accounts to identity scams for auto loans. Many organizations fail to understand the link between data breaches and fraudulent IDs, said Jason Lord, vice president of product marketing at TransUnion.

How Banks Can Address First-Party Lending Fraud

Suparna Goswami • September 7, 2023

The lack of an understanding of what constitutes first-party lending fraud is causing massive losses at banks. Anna Bleazard, head of Singapore and South East Asia in financial crime compliance at FTI Consulting, recommends that banks intervene as early as possible.

How AI Can Help Reduce Third-Party Risks

Suparna Goswami • August 18, 2023

While consolidating third-party risks into one document is important, it is equally vital to introduce artificial intelligence into various elements of your third-party risk management program, said Jonathan Pineda, CISO and DPO at the Government Service Insurance System in the Philippines.

How AI Is Helping Banks Spot Scammers

Suparna Goswami • August 8, 2023

Collaborative AI - the process of one AI model learning from another - is one of the most effective ways for financial institutions to fight the sophisticated techniques fraudsters use for scams, said Johan Gerber, executive vice president of security and cyber innovation at Mastercard.

Business-to-Business Synthetic ID Fraud Is on the Rise

Suparna Goswami • August 1, 2023

Synthetic ID fraud has moved beyond business-to-consumers to business-to-business fraud as more bad actors are opening fraudulent commercial accounts at financial institutions, said Dori Buckethal, vice president of risk and fraud solutions at Thomson Reuters.