We live in a modern era which poses data and security challenges which we have never experienced before. Fraud is not new-in fact, it is debatable that fraud can date its way back to the barter system- we just put the word "Cyber" in front of it because it is scary and has a bit of unknown futuristic sci-fi element to it. As payments mechanisms evolved over time from cheques, through to Chip and PIN technology, internet settlement systems, mobile phone/app generated banking -fraud has evolved alongside and at times outpaced the technology and the regulatory controls.