Every industry suffers from fraud and theft. Especially now, in our digital society with ubiquitous connectivity, mobile access, and demand for the convenience of easy-to-use apps for commercial transactions, companies have become increasingly vulnerable. To be sure, security systems and countermeasures have advanced dramatically in recent years. Specifically, firewalls, antivirus software, and multiple layers of validation and verification have made IT systems much more secure and, at the same time, more effective and efficient. Yet businesses still have much work to do with respect to securing their assets.

Indeed, according to a recent survey, only roughly one-third of security leaders have high confidence in their organization’s ability to detect fraud and prevent any incursions from becoming serious problems.7 In other words, companies need to find more effective ways to protect their operations, information, employees, customers, products, finances...