Security News > 2021 > October > Despite spending millions on bot mitigation, 64% of organizations lost revenue due to bot attacks

The state of bot mitigation 64% of organizations lost more than 6% of their revenue due to bot attacks, and 32% lost 10% or more within the last year.

64% of organizations lost 6% or more of their revenue due to bot attacks, and 32% report that their organizations lost 10% or more of revenue within the last 12 months.

45% of companies surveyed say bot attacks result in more website downtime at their organizations, and about a third say bot attacks result in brand or reputational damage, reduction in online conversions, and more frequent data leaks.

With 80% of executive teams asking about bot attacks within the past 6 months, bot attacks and their effects have become a C-Level concern.

A resounding 66% of the total funds necessary to fight bot attacks are attributed to the ongoing management, maintenance, and post-event remediation of their bot mitigation solution - as opposed to the cost of the anti-bot solution itself.

"While all organizations surveyed prioritize the need to defend against bad bots, most cannot fend them off due to ineffective bot mitigation solutions," said Sam Crowther, CEO, Kasada.

News URL

http://feedproxy.google.com/~r/HelpNetSecurity/~3/wwTEJlTqTPE/