NEW YORK — Nov. 14, 2023 – Kasada, the pioneers transcending bot management by countering the human minds behind automated threats, today announced KasadaIQ, its new suite of attack prediction services. The first service in this suite – KasadaIQ for Fraud – supplies actionable signals, collected across millions of points across the Internet, for businesses who need insight into how bots target their digital channels and customer data. With Kasada’s unparalleled visibility into non-traditional data sources and adversary communities, KasadaIQ for Fraud provides a market-leading capability to detect attacks before they happen and confirm threats that would otherwise go undetected.
Bot fraud is incredibly costly for businesses — amounting to lost time, money, and reputation, while putting customers at risk. In fact, global eCommerce fraud is increasing and is projected to exceed $48 billion this year. Additionally, according to Kasada’s 2023 State of Bot Mitigation Report, 96% of IT professionals lost revenue in the last year due to bot attacks.
“Nearly 80% of business leaders say bots are becoming more sophisticated and difficult for their security tools to detect, while still relying on outdated solutions that are slow to evolve,” said Sam Crowther, founder and CEO of Kasada. “Combined with our current bot detection platform, KasadaIQ for Fraud gives companies the competitive edge to get ahead of and defend against attackers. Ultimately, it will prevent businesses from being in the headlines for the wrong reasons.”
KasadaIQ for Fraud now allows organizations to predict and prevent fraud before it happens. This includes credential stuffing, which leads to Account Takeover (ATO) and other fraud that targets their online business to damage security, reputation, and bottom line.
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