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Surge in Credential Stuffing Attacks and Europe as a Fraud Epicenter, Reveals New Data from Arkose LabsSAN FRANCISCO, Nov. 12, 2020 (GLOBE NEWSWIRE) -- Arkose Labs, provider of online fraud and abuse prevention technology, today 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 As the year progresses and more people than ever are online, historically ‘normal’ online behavioral patterns are no longer applicable and holiday levels of digital traffic continue to occur on a near daily basis. Fraudsters are exploiting old fraud modeling frameworks that fail to take today’s realities into account, attempting to blend in with trusted traffic and carry out attacks undetected. “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.” Bot Attacks and Credential Stuffing Skyrocket
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. This trend is likely to revert back to more targeted attacks in Q4, as during the holiday shopping season fraudsters typically employ low-cost attackers to commit attacks that require human nuance and intelligence. Europe Emerges as the Top Attacking Region 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.” The Q4 Arkose Labs Fraud and Abuse Report is based on actual user sessions and attack patterns that were analyzed by the Arkose Labs Fraud and Abuse Prevention Platform from July to September 2020. These sessions, spanning account registrations, logins and payments from financial services, ecommerce, travel, social media, gaming and entertainment were analyzed in real-time to provide insights into the evolving fraud and risk landscape. Unsophisticated bot attacks don’t result in a user session and thus have not been included in this report. The report focuses on attacks from fraud outlets that combine state-of-the-art technology with stolen identity credentials and human efforts. To access the full Q4 2020 Fraud and Abuse Report, please click here. To learn more about Arkose Labs and its Fraud and Abuse Defense Platform, visit www.arkoselabs.com. About Arkose Labs: Media Contacts: |