Cyber fraud costs organizations billions of dollars each year, and its financial impact continues to climb as criminals are getting smarter and their attacks more complex. While the increasing need for rapid and complex fraud risk detection is common in many sectors, it is perhaps most acute among financial institutions and online merchants. Competition is fierce in these highly digitized markets, and margins are razor-thin. Customers are extremely demanding, and constantly seek better, more user-friendly payment options and channels. Cross-channel fraud detection has been an area of focus for both business and security leaders for nearly a decade. It began in earnest following the FFIEC's publication of guidance in January of 2011.