Security News > 2022 > May > State of internet crime in Q1 2022: Bot traffic on the rise, and more

That's according to Arkose Labs, which claimed in its latest State of Fraud and Account Security report that one in four online accounts created in Q1 2022 were fake and used for fraud, scams, and the like.

In total, 93 percent of all attacks against Arkose Labs' customers were bot-driven, it's claimed; data scraping increased by 250 percent while four percent of all logins in Q1 were credential-stuffing attempts.

We're told Arkose saw a 40 percent rise in attacks on metaverse-participating businesses from Q4 to Q1. It's also worth noting that the top targeted sectors - gaming, financial services, and technology - reported as much as 35 percent of traffic coming from human fraudsters.

Attackers in North America are 30 percent more likely to be human than the global average, the researchers found.

These attacks are 50 percent less likely to use fraud farms - banks of human fraudsters - than their global counterparts.

40 percent of attacks in the first quarter came from Asia, and two-thirds of those hit the technology and travel industries.

News URL

https://go.theregister.com/feed/www.theregister.com/2022/05/18/fraud_economy_booms/