Fraudsters and other cyber threat actors attack across the people/process/technology stack in a cross-channel manner, and don't differentiate between cyber, fraud, and AML. As targets of these actors, we can't afford to maintain artificial separation between these functions. In response, Cyber, Fraud, AML, and Physical Security increasingly being either being joined in fusion centers or fully integrated into a whole that is more than the sum of its parts. In fact, Gartner estimates that by 2022, 70% of organizations will have combined budget or leadership for their fraud and cyber functions.
Jonathan Golder, Director, Information Security and Fraud Governance, Discover Financial Company