19th October, 2022 1 Min read
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Cyber breaches seem to make headlines every day, with Uber, InterContinental Hotels Group and Marriott International among the major travel brands to have recently fallen victim to attackers. Whether it’s a multinational corporation or a small startup, no travel company is immune to the threat of cybercriminals and fraudsters.
Travel and leisure is one of the most impacted industries globally, with digital fraud attempts rising 155.9% in the last year, according to a forthcoming report by Phocuswire.com, a publication that recently featured a commentary from our Senior Solutions Engineer, Steven Puddephatt, in an article entitled The New Ways CyberCriminals are Attacking Travel Companies. Here is a snippet:
“The travel industry particularly is plagued with bots performing all kinds of activities from semi-harmless price scraping to the very malicious account takeover. Bot protection is also fairly widely adopted across the industry, but it’s not standard yet”.
Online fraud is destroying customer trust and corroding revenue. Data from the Federal Trade Commission show the full extent of today’s problem: fraud losses in the US rose to $5.9 billion in 2021, an increase of 436% from 2017. Further research conducted by PWC shows that it’s not just individuals being duped by these global […]
Distributed Denial of Service (DDoS) is usually performed by bombarding the targeted computer or resource with unnecessary requests to overload systems and prevent some or all legitimate requests from being completed. However, there is some good news: you can definitely mitigate the risk. Learn more here: Discover how a security innovation increased retailers’ sales by […]
Introduction Bots today outnumber human users in eCommerce sites: From 15% in 2017, to 30% in 2019, to 64% in 2021. Some extreme cases we’ve witnessed peaked in 90-99.8% bot traffic. But perhaps the more concerning bit is the traffic share of bad bots: an approximate 39% of all internet traffic in 2021. Hackers are […]
Bad bots are a tough issue for online merchants: They overload your backend servers with API requests which will never generate revenue; They scalp your most wanted items, leaving your real shoppers with nothing but disappointment; and worst of all – as they retool and grow smarter, they make you constantly chase them. You, as […]
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