Bots: Biggest player on the cybercrime block
In the world of cybercrime, ransomware and DDoS attacks had the highest profile by far during the past year. There was an entire day devoted to a ransomware “summit” at the recent RSA conference in San Francisco.
But when it comes to money being lost (and made), bot fraud is king – by a lot.
Most estimates of losses in the US from ransomware during 2016 were in the $1 billion range. By contrast, a study published in January 2016 by White Ops and the Association of National Advertisers (ANA) titled “Bot Baseline: Fraud in Digital Advertising,” estimated global losses in 2016 would be $7.2 billion.