Security News > 2020 > November > Explosion in digital commerce pushed fraud incentive levels sky-high

A rise in consumer digital traffic has corresponded with a rise in fraud attacks, Arkose Labs reveals.

"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."

While much of 2019 saw a marked shift from automated attacks to human sweatshop-driven attacks, automated attacks dominated much of 2020, with Q3 seeing a particularly high spike.

Pandey said, "COVID-19 has sent the world into turmoil, upending digital traffic patterns and introducing long-lasting consequences. Habits formed during 2020 - namely conducting commerce, school, work and even socializing entirely online - will be difficult to let go of, so fraud teams must be capable of quickly cutting through digital traffic noise and spotting even the most subtle signs of attacks. In particular, using targeted friction to deter malicious activity will be key in the months and years ahead.".

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/7jaxrWyJrXQ/