HUMAN has spent ten years protecting enterprises and the largest internet platforms from fraud caused by sophisticated bots, and today, HUMAN verifies the humanity of more than 15 trillion interactions per week. Its BotGuard for Applications offering expands that protection to online enterprises to protect their websites and applications from sophisticated bots and automated attacks, including account takeover, new account fraud, payment fraud, and content and experience abuse.
Bots are certainly not a new problem to cybersecurity. Attackers use bots to automate their attacks and increase the scale with which they can target organisations. Historically, bots have been associated with denial-of-service attacks, with the attention given to bots varying depending on the volume and frequency of attacks.
As organisations have shifted to more online-focused business operations, a trend further accelerated by the pandemic, attackers have doubled down on their efforts and increased the frequency of bot-driven fraud and logic abuse. As a result, awareness of the issues posed by bots is growing. Nearly half (47%) of cybersecurity professionals have seen examples of credential stuffing or cracking attacks used for account takeover (ATO) in just the last 6 months. A similar percentage (46%) of respondents are aware of attacks on online shopping cart systems and instances of automated inventory purchasing or holding. In all, only 11% of our respondents have not seen publicised examples of sophisticated bot attacks.
Read this report to learn more about the latest trends in cyber fraud.