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Automated Cyberattacks on E-commerce Companies Growing More Sophisticated and Difficult to DetectImperva, Inc., the cybersecurity leader championing the fight to secure data and applications wherever they reside, today released the first industry-specific study into the impact of bad bots on the e-commerce industry, titled, "How Bots Affect E-commerce." Developed by the Imperva Bot Management threat research team (formerly Distil Research Lab), a group of dedicated analysts who examine the most sophisticated automated threats, the report analyzed 16.4 billion requests from 231 domains during the month of July 2019. The report found that the sophistication level of bots attacking e-commerce sites is on the rise, with nearly four-fifths (79.2 percent) classified as moderate or sophisticated, up from 75.8 percent in 2018. E-commerce companies suffer from a continual barrage of bad bots that criminals, competitors, resellers and investment companies use to carry out unauthorized price scraping, inventory checking, denial of inventory, scalping, customer account takeover, gift card abuse, spam comments, transaction fraud and more. These nefarious activities not only damage the customer experience and brand, they can also lead to poor website performance and even downtime, ultimately resulting in lost revenue during peak traffic times like Black Friday (News - Alert) and Cyber Monday. "This study shows that bad bots cause round-the-clock damage on e-commerce websites, APIs and mobile apps," said Tiffany Olson (News - Alert) Kleemann, VP of Bot Management at Imperva and former CEO of Distil. "We agree with the approach taken in proposed legislation to ban the use of 'Grinch bots' and 'sneaker bots,' which are used to scalp limited edition, high-demand inventory, yet we know from first-hand experience that legal action alone is not enough. Online retailers must also practice good web security hygiene and take advantage of the technology solutions at their disposal to protect their websites and customers. Gaining a granular understaning of bot threats is a critical first step in the right direction." Key Findings
To download the full report, visit: https://www.imperva.com/resources/resource-library/reports/how-bots-affect-e-commerce/ Imperva will host a webinar on Tuesday, October 1 at 10 a.m. PT to discuss the findings of the report. To register, visit: https://www.brighttalk.com/webcast/12349/370569? Learn more about the report on the Imperva blog: https://www.imperva.com/blog/e-commerce-are-you-ready-for-black-friday-because-bad-bots-are-targeting-your-website About Imperva Bot Management In July 2019, Imperva acquired Distil Networks, the global leader in bot mitigation that protects websites, mobile apps, and APIs from automated threats. Fraudsters, hackers, and competitors use bots to commit online fraud, break into customer accounts, and gain an unfair competitive advantage. Imperva Bot Management is the new product name. About Imperva Imperva is an analyst-recognized, cybersecurity leader on a mission to protect customers' digital assets by accurately detecting and effectively blocking incoming threats, and empowering customers to manage critical risks, so they do not have to choose between innovating for their customers and protecting what matters most. At Imperva, we tirelessly defend your business as it grows, giving you clarity for today and confidence for tomorrow. Learn more about how Imperva is protecting the pulse of your business at www.imperva.com, our blog, or Twitter. View source version on businesswire.com: https://www.businesswire.com/news/home/20190918005075/en/ |