CyberNews Briefs

Fraudsters no longer operate in silos, they are attacking across industries and organizations

In the first half of this year, the number of human-initiated fraud attacks increased by 13% compared to the second half of last year, a new report by LexisNexis Risk Solutions shows. It also found that fraud campaigns are becoming broader in scope, leading to a rise of networked, cross-organizational and cross-industry attacks.

The study indicates that bot attacks are increasingly used for the creation of new accounts. In the e-commerce sector the number of new accounts created by bots surged by 305% over the last half year, which represents a 171% year-over-year increase. Bot generated media accounts increased by 65% in the last six months, which a 123% YOY rise.

Read more: Fraudsters no longer operate in silos, they are attacking across industries and organizations

Bob Gourley

Bob Gourley

Bob Gourley is the co-founder and Chief Technology Officer (CTO) of OODA LLC, the technology research and advisory firm with a focus on artificial intelligence and cybersecurity which publishes OODALoop.com and CTOvision.com. Bob is the author of the book The Cyber Threat. Bob has been an advisor to dozens of successful high tech startups and has conducted enterprise cybersecurity assessments for businesses in multiple sectors of the economy. He was a career Naval Intelligence Officer and is the former CTO of the Defense Intelligence Agency.