Security News > 2023 > October > AI-enabled bots can solve CAPTCHAs faster than humans

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.

AI-driven fraud is a top concern as AI-enabled bots can now complete CAPTCHAs more quickly than humans, making it easier to launch automated attacks.

"Bots are continuously evolving to evade traditional bot management solutions, making defense a difficult, expensive effort for companies," said Crowther.

News URL

https://www.helpnetsecurity.com/2023/10/13/traditional-bot-management-solutions/