1.3 billion bot attacks were detected in Q3 of 2020
Arkose Labs, provider of online fraud and abuse prevention technology, released new data-driven analysis of 2020 fraud trends that shows a rise in consumer digital traffic has corresponded with a rise in fraud attacks. As the year progresses and more people than ever are online, historically ‘normal’ online behavioral patterns are no longer applicable and holiday levels of digital traffic continue to occur on a near daily basis. Fraudsters are exploiting old fraud modeling frameworks that fail to take today’s realities into account, attempting to blend in with trusted traffic and carry out attacks undetected.
“As the world becomes increasingly digital as a result of COVID-19, fraudsters are deploying an alarming volume of attacks, and continually devising new and more sophisticated ways of carrying out their attacks,” said Vanita Pandey, VP of Marketing and Strategy at Arkose Labs. “The high fraud levels that accompany high traffic volumes are likely here to stay, even after the pandemic ends. It’s crucial that businesses are aware of the top attack trends so that they can be more vigilant than ever to successfully identify and stop fraud over the long-term.”