* Ask your bank what fraud-fighting tools it has implemented. "Does the bank have procedures in place that under reasonable conditions would alert the company to fraud?" is a good question to keep in mind, said Ponemon. The priority placed on security, he adds, can vary dramatically from one bank to another.

* As Graham does, monitor your account regularly -- at least daily. The more quickly you catch a fraudulent transaction, the better the chances that you can rescind it, or at least prevent others.

* Educate your employees. Some types of cyber-fraud are fairly easy to recognize, and employees should know to steer clear of them, Austin says. Case in point: phishing schemes, or supposedly official emails that ask for sensitive information, such as an individual's computer password or credit card number.

* Take care when transmitting confidential information via mobile devices. "The bad guys are focusing on these technologies," given how popular they're becoming, Ponemon says. In addition, smart phones and the like are easier to misplace than desktop computers, boosting the potential for fraud, he adds.

* Don't forget that appropriate manual procedures, such as separating responsibility for initiating purchase orders and approving payment, can go a long way to reducing the incidence of fraud. "The majority of criminals are low-tech," Ponemon says.