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.