Content by Suparna Goswami

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.

Check Fraud: New Approaches to Solving an Age-Old Problem

Suparna Goswami  •  May 29, 2023

Check fraud is back although, technically, it never went away. Today, cybercrime groups are openly hawking fraudulent check schemes on the Telegram messaging app. Check fraud is easier and more accessible, and it’s back in the headlines. Experts say banks need to adopt new solutions to curb losses.

Tackling Synthetic ID Fraud in the Era of Digital Banking

Suparna Goswami  •  May 24, 2023

Financial institutions must leverage artificial intelligence and other new-age authentication tools to establish a robust KYC process in the era of remote account opening, said Vishal Kapoor, head of group finance audit and risk audit and executive director at DBS Bank.

How the New UK Fraud Strategy Targets Scams

Suparna Goswami  •  May 23, 2023

The U.K. government earlier this month introduced a strategy to reduce fraud and scams called Fraud Strategy: Stopping Scams and Protecting the Public. Ken Palla, retired director of MUFG Bank, said this as an important step to combat authorized scams, which have now eclipsed unauthorized fraud.

APAC Security Organizations in the Era of Digital Trust

Suparna Goswami  •  May 22, 2023

Security organizations in the APAC region need to adopt widely recognized frameworks consistently ensure digital trust and protect privacy, according to a panel of experts from the APAC region. Industry certifications are a good investment for improving security programs and business resilience.

Privacy Landscape in Asia: GDPR Influence, Lean Resources

Suparna Goswami  •  May 9, 2023

As many countries in APAC are coming out with their own privacy laws, the region is fast becoming the epicenter of data protection developments around the globe, said Raymund Liboro, former commissioner and chairman of the National Privacy Commission, Philippines.

How Intermediaries and Banks Can Mitigate Payment Scams

Suparna Goswami  •  April 24, 2023

What is the role of payment intermediaries when fraud takes place? How much are they working with banks to reduce risks from payment fraud? Anuj Bhansali, head of trust and safety at PhonePe, discusses the payment fraud landscape in India and steps to reduce authorized push payment fraud.

Zero Trust: How to Manage Access to Applications

Suparna Goswami  •  April 21, 2023

Soumak Roy, vice president and global cybersecurity practice leader at SDG Corp. and winner of the ISMG Dynamic CISO award in the zero trust category, proudly says he implemented zero trust within a year. Roy shares his journey, learnings and strategies for a smooth zero trust implementation.

How Banks Can Control Fraud With FedNow Instant Payments

Suparna Goswami  •  April 21, 2023

The Federal Reserve's FedNow Service will launch in July this year. Many banks, including community banks, will be able to leverage FedNow as an instant payment platform. How can these banks prepare for faster payments, and what security controls should they consider adding?

Managing Endpoints With the Right EDR Strategy

Suparna Goswami  •  April 20, 2023

EDR has been in existence for years, but many organizations still fail to address known vulnerabilities, and struggle with how to create a solid endpoint security strategy, said Romanus Prabhu Raymond, director of product support at ManageEngine.

Steps to Build a Good Operational Framework

Suparna Goswami  •  April 13, 2023

While most organizations carry out risk assessments and cybersecurity audits, security practitioners need to go beyond these manual processes to ensure proper protection, says Angel Redoble, group CISO, PLDT Group. He recommends starting with identifying all of the potential attack entry points.

Dynamic CISO Award Winner: Lessons on IAM Implementation

Suparna Goswami  •  April 7, 2023

IAM has always been a manual process. While many organizations try to automate IAM, it is not easy. Pooja Agrawalla, head of IAM at NXP Semiconductors and winner of ISMG's Dynamic CISO Excellence Award for Women Leaders in Cybersecurity, discusses best practices for IAM deployment and automation.

The Philippines' New Cybersecurity Plan and Cloud Security

Suparna Goswami  •  April 4, 2023

The Philippines plans to introduce a national cybersecurity plan later this year. What expectations do security practitioners have, and what changes would they like to see? Joey Fontiveros of the Philippine Army Signal Regiment shares his views on the plan and its impact on cloud security.

The Growth of the MDR Market in Asia

Suparna Goswami  •  March 30, 2023

Cybersecurity practitioners in Asia understand the importance of managed detection and response technology, but they have been slightly slow in adopting it compared to markets in the West, said Aaron Bugal, field CTO of the Asia-Pacific and Japan region for Sophos.

Will Customer Refunds for Scams Trigger First-Party Fraud?

Suparna Goswami  •  March 30, 2023

The U.S. Consumer Financial Protection Bureau is mulling over whether to reimburse consumers for online scams and fraud, but this regulatory change could lead to an increase in first-party fraud, cautioned Karen Boyer, senior vice president of financial crimes at M&T Bank.