AI-Enabled Bots Can Solve Captchas Faster Than Humans
HelpNet Security, Friday, October 13,2023
Companies are losing revenue in the fight against malicious bot attacks, according to survey by Kasada.
Despite spending millions of dollars on traditional bot management solutions, companies are still financially impacted by bot attacks. 38% of respondents estimate that a single bot attack costs their organization $500,000 or more, up from 25% in last year's survey. Plus, 50% 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.
'The rising costs of automated attacks are due to the fact that adversaries are getting more advanced while organizations are still relying on outdated solutions that are slow to evolve, easy to evade, and difficult to manage,' said Sam Crowther, CEO of Kasada. 'In fact, only 19% of this year's respondents said their anti-bot solutions remained effective a year after initial deployment.'