NEW YORK & SYDNEY – Aug. 27, 2024 – Kasada, the pioneers transcending bot management by countering the human minds behind automated threats, today released its 2024 State of Bot Mitigation Report revealing that 98% of organizations attacked by bots in the past year lost revenue as a result. Web scraping (web crawling) is a major threat followed closely by account fraud, with more than one third of IT/IS specialists reporting their organizations experienced over 5% revenue loss as a result of each.
Kasada’s fourth annual report surveyed security and technology professionals at companies that are already using bot management, of which 67% are currently using CDN-based bot detection. 30% say their organization has spent $1,000,000 or more on mitigating bot attacks over the past year. Despite these expenditures, traditional bot mitigation solutions are falling short. Just 1 in 5 say that after initial deployment their bot mitigation solution(s) retained effectiveness for more than 12 months. So it’s not surprising that 79% say they are likely to switch bot mitigation providers based on their detection and efficacy.
“Financially-motivated adversaries are circumventing traditional bot defenses more quickly than many can adapt,” said Sam Crowther, founder and CEO of Kasada. “To add to injury, new technologies, like AI, are lowering the barrier to entry for attackers—increasing the number of automated threats that organizations are facing. Companies need a bot mitigation approach that is as dynamic as the adversary—quick to evolve, difficult to evade, and invisible for customers. Kasada provides exactly that.”
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