Historically, fraud detection and cybersecurity have been separate disciplines with unique objectives and approaches. But as criminal organizations seek to take advantage of online tools for fraudulent campaigns, they’ve created integrated techniques that encompass elements of both domains. Therefore, professionals charged with defending corporate networks and assets must also come together to defend against these shared adversaries.
In 2018, GDPR brought data privacy to the forefront. The prior regulation had the impact of “ankle biters” and was often ignored. However, the new version has the potential chomp of a Megalodon for non-compliance. The rapid pace of technology innovation, paired with the maturation of the Internet of Things, digitation/automation efforts along with big/deep data analysis, creates a world where ensuring data privacy seems impossible. Every week there are new reports of data breaches or privacy violations. Two recent examples are Ring Doorbell and Facebook.