Massive spike in fraud across all industries - 4.3 billion attacks detected since Black Friday
Arkose Labs, provider of online fraud and abuse prevention technology, released new data on the latest fraud trends that reveal a massive spike in fraud across all industries from Black Friday onwards. As consumers continue to flock online in droves greater than ever before, credential stuffing, account takeover (ATO) attacks and gift card fraud are poised to be top attack vectors in 2021.
“2021 remains full of unknowns, however what’s certain is the frequency and severity of fraud will never return to pre-pandemic levels,” said Vanita Pandey, VP of Marketing and Strategy at Arkose Labs. “With digital channels serving as an invaluable lifeline for much of the world, the Arkose Labs network saw 4 times as many transactions compared to the year prior. This increased activity has created an ideal breeding ground for attacks as fraudsters work to blend in with trusted users, rendering typical models of good versus bad user behavior obsolete.”