2022 State of Bot Mitigation: 69% of Companies Lose Revenue Due to Bot-Driven Account Fraud
Despite Increased Investment in Bot Mitigation, Annual Report Shows Companies Continue to Struggle with Bot Attacks
NEW YORK, NY – September 29, 2022 — Kasada, provider of the most effective and easiest way to defend against advanced bot attacks, today released its annual report on the state of bot mitigation and automated fraud. The 2022 State of Bot Mitigation Report is based on the findings of organizations that are already using anti-bot solutions and compares results against last year’s report.
The company’s annual report shows that revenue loss from bot-driven account fraud and web scraping continues to skyrocket, despite companies spending more on bot mitigation solutions every year.
Key findings from the 2022 State of Bot Mitigation Report include:
- 69% of companies that have a bot management solution report losing more than 6% of their revenue due to account fraud this year, up from 64% in 2021.
- 83% of companies say that bots are becoming more sophisticated and difficult for their security tools to detect. This amount increased from last year’s 80%.
- A majority of companies (62%) have spent more than $500,000 fighting bots within the past 12 months. This is a 14-point increase from last year, when only 48% were spending more than $500K.
Read the full press release here.
Download the entire 2022 State of Bot Mitigation Report here.
*** This is a Security Bloggers Network syndicated blog from Kasada authored by Kasada. Read the original post at: https://www.kasada.io/companies-lose-revenue-bot-driven-account-fraud/
