Tag: malicious bots
Geopolitical tensions fuel botnet boom
Recent weeks have seen an exponential rise in malicious botnets performing reconnaissance scanning to scout out victims. According to researchers at cybersecurity firm Netscout, the number of potentially compromised devices rose from around 10,000 to roughly 144,000 over December, with no sign of the trend letting up. “The trend continued into the new year, with the largest spikes occurring on January 5 and 6, eclipsing one million distinct devices. The levels reached an unprecedented 1,294,416 on the 5th,” reports Netscout. The Netscout researchers say that this increased malicious scanning has been isolated to five key countries: The United States, China, Vietnam, Taiwan, and Russia. All have seen a rise in attackers using cheap or free cloud and hosting servers to create botnet launch pads.
167% Rise in Malicious Bot Attacks Reported – November 23rd
Arkose Labs reported a 167% rise in malicious bot attacks for the first half of 2023. The Arkose Labs report focused on bots also stated that 73% of all website and app traffic measured comprised of malicious bots in order to initiate attack types such as SMS toll fraud, web scraping, card testing, and credential stuffing.
Beware of Death by a Billion Bots
US corporations lose an average of 4.3 percent of their online revenues to malicious ‘bots,’ malware designed to resemble human communications. Malware attacks of this nature accounts for an average annual loss of $86.5 million a year for corporations with average annual online revenues of $1.9 billion, according to a new report from cybersecurity firm Netacea, “Death by a Billion Bots: The Accumulating Business Cost of Malicious Automation”.