1.1 billion fraud attacks detected since the beginning of 2020

guest · Aug 6, 2020

1.1 billion fraud attacks detected since the beginning of 2020
August 6, 2020
https://www.securitymagazine.com/ar...-attacks-detected-since-the-beginning-of-2020

Arkose Labs revealed new data showing the impact of the rapidly evolving nature of online fraud. In the first half of 2020, the Arkose Labs network detected and stopped 1.1 billion attacks. This represents double the attack volume compared to the second half of 2019 and a 25 percent attack rate increase across all transactions.

“The digital commerce landscape has fundamentally changed in 2020 due to the COVID-19 pandemic. With digital transactions surging, businesses are operating under intense pressure and incentive levels for fraudsters are sky high,” said Vanita Pandey, VP of Strategy at Arkose Labs.
Fraudsters are quick to shift their focus and methods to align with ever-changing consumer behaviors.
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Online Gaming: This sector remains a prime target, with 65 attacks reported every second. Q2 saw a shift to human-driven attacks (41 percent) and the most attacked touchpoint was logins, which saw a 22 percent uptick in the volume of attacks compared to the previous quarter.
Finance and Fintech: Attack levels on financial institutions in the Arkose Labs network rose notably in Q2, after an initial dip in April.
Retail and Travel: Businesses that have recently incorporated e-commerce in response to COVID-19 are particularly vulnerable to fraud. In Q2, one in five attacks were human-driven, and these largely targeted e-commerce sites, due to low traffic volumes in the travel sector.
Technology: As a result of continued remote work, education and socializing, the technology industry witnessed an uptick in targeted attacks.
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Arkose Labs Q3 2020 Fraud and Abuse Report

guest · Nov 15, 2020

1.3 billion bot attacks were detected in Q3 of 2020
November 13, 2020
https://www.securitymagazine.com/articles/93920-3-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 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.”
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Bot Attacks and Credential Stuffing Skyrocket
In Q3 of 2020, the Arkose Labs network saw its highest ever levels of bot attacks. 1.3 billion attacks were detected in total, with 64% occurring on logins and 85% emanating from desktop computers
For Ecommerce, Every Day is Black Friday
The rise in digital traffic for most of 2020 means businesses have been dealing with holiday season levels of traffic since March. With every day now resembling Black Friday, some retailers are better equipped to handle the onslaught of holiday season traffic and fraud.
However it remains to be seen if a holiday sales bump will occur this year, given already record high traffic levels for many ecommerce businesses.
Europe Emerges as the Top Attacking Region
Nearly half of all attacks in Q3 of 2020 originated from Europe, with over 10 million sweatshop attacks coming from Russia and 7 million coming from the United Kingdom.
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Arkose Labs Q4 2020 Fraud & Abuse Report

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1.1 billion fraud attacks detected since the beginning of 2020

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