The explosive impact of ransomware and GDPR fines grab attention in boardrooms and in the press, but the corrosive damage of automated attacks is just as ruinous. Bad bots are to blame, striking businesses in their billions daily.
Now in its third year, Netacea’s study continues to shed light on the financial impact of bots. Independent research firm Coleman Parkes surveyed 440 US & UK businesses with an average online revenue of $1.9bn across the travel, entertainment, ecommerce, financial services and telecoms sectors.
This year’s study brings shocking findings into focus:
$85.6m (or 4.3% of online revenue) was lost by each business, on average, to bot attacks last year – more than twice the previous figure.
Four months is the average time taken to detect bot attacks.
72% of businesses detected attacks from China, and 66% from Russia (an 82% increase over the previous two years).
40% of enterprises are attacked via their APIs – and for the first time, bots are targeting mobile apps more than websites.
On this webinar, you’ll hear expert analysis of these findings from Netacea Principal Security Researcher Cyril Noel-Tagoe, industry insights from Tom Parker, Cyber Security Manager at BT, and academic viewpoints from Rob Black, Lecturer in Information Activities at Cranfield University.