The Future of Cyber Security 2019: What Are Bot Attacks?

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| 06th Mar 2019 / 17:35

The Future of Cyber Security 2019: What Are Bot Attacks?

We had the pleasure of attending the Future of Cyber Security event in Manchester, UK.

Cyber-attacks are becoming more sophisticated, more targeted, and more creative in their execution. Furthermore, they’re becoming more frequent, in fact, according to a study made by Michael McGuire, senior lecturer in criminology at Surrey University, cybercrime now generates more revenue than drug trafficking, making this lucrative market extremely attractive to organised criminal organisations and lone hackers alike.

In the Netacea speaker session ‘What are bot attacks? And why should you care?’, Nick Baglin detailed how other organisations that suffer a data breach fast become your problem as cybercriminals perform credential stuffing attacks as part of an account takeover campaign.

Personal information and user credentials are the new oil, they reign supreme as the keys to open many attack vectors and the rewards they bring are extremely valuable. Compromised credentials are easily accessible even on the normal internet, never mind the dark web and can be used to order fraudulent items, abuse or transfer loyalty points, empty account balances, the list goes on.

Back at our booth, we ran a survey to understand how concerned the event attendees are of suffering an account takeover attack and how important a dedicated bot mitigation strategy is to their organisation in 2019. The results confirm what we see on a daily basis; 79% of respondents are either concerned or very concerned about suffering an attack and 37% value a bot mitigation strategy as very important to their cybersecurity investment in 2019.

Watch the recap of our speaker session to learn more about the dynamics of a targeted account takeover attack and how our behavioural machine learning is helping organisations protect their customer accounts.

If you would like to learn more, please do get in touch and we will be happy to share our experiences & success stories with you on mitigating bot attacks.