Tag: cybercrime-as-a-service

While phishing scams are nothing new and have not changed drastically since their inception several years ago, we have seen some changes in terms of the techniques used, as well as the sophistication of content. From a tech perspective, the general technology used to pull off these social engineering attacks remains the same.

Traditionally, cybersecurity entailed a reactive approach where organisations used learnings from previous compromises to improve their defences. With technology evolving and people embracing the likes of mobile wallets, banking apps, and other solutions to manage transactions, businesses must rethink how best to bolster anti-fraud mechanisms. The answer lies in artificial intelligence (AI).