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CybersecuritySecurity NewswireCybersecurity News

79% of organizations say bots are more difficult to detect

By Security Staff
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Image via Unsplash

October 12, 2023

Bot attacks were analyzed in a recent report by Kasada, finding that 96% of organizations lost revenue to bots in the last 12 months.

According to the survey, 38% of respondents estimate that a single bot attack costs their organization $500,000 or more. Half of organizations lost 10% or more of revenue due to bot-driven account fraud within the last year, up from 40% of organizations last year.

Additional findings include:

  • Nearly 4 in 5 (79%) say that bots are becoming more sophisticated and difficult for their security tools to detect.
  • Nearly two-thirds (63%) say their companies experienced a bot attack within the last 12 months.
  • 90% say their executive team is concerned about bot attacks and AI-driven fraud.
  • 89% believe AI-driven fraud will present a threat to their organization over the next 12 months.

Read the full report here.

KEYWORDS: artificial intelligence (AI) bots cyberattack fraud detection fraud prevention

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