Business Email Compromise (BEC) is a social engineering attack in which cybercriminals gain unauthorised access to a company’s email account to impersonate trusted partners, high-ranking executives, and employees.

The term smishing is coined from a combination of SMS (Short Messaging Service) aka text messaging, and phishing. Smishing is the fraudulent practice of sending text messages purporting to be from reputable businesses and organisations in order to trick individuals to reveal sensitive information.

The benefits of integrating cybersecurity and AI are numerous. But like many developments in technology, there exists a dark side to the development of Artificial Intelligence.

For small and medium-sized businesses in the financial sector, creating an IT team with an extensive skill set that covers everything from cybersecurity to compliance, etc. can be expensive and time-consuming. It is therefore not unusual for these businesses to outsource IT services to managed IT service providers.