Over Half of Social Media Logins Are Fraudulent
A new study by Arkose Labs indicates that more than half (53%) of all logins on social media sites are fraudulent, while 11% of all online transactions, which in addition to account logins also include account registrations, payments and other activity, constitute criminal activity. The findings are based on more than 1.2 billion transactions that occurred between April and June of this year.
Most fraudulent activity registered in this period originated from the United States, Russia, the Philippines, the United Kingdom and Indonesia. Threat profiles differed significantly between industries. In the technology sector almost 43% of attacks were manually performed, for instance by people in click-farms. The remainder were automated attacks. In retail, human activity accounted for half of all fraudulent transactions, the highest of any industry.