09/23/2024 | News release | Distributed by Public on 09/23/2024 12:07
The top concerns of retailers surveyed were account takeover and credential stuffing attacks,3 primarily driven by malicious bots. With help from generative AI, bots can begin using reconnaissance to guess passwords in addition to simple password spraying to take over a customer account and make fraudulent purchases.
But that's not the only type of bad bot. These malicious programs are also troublesome for e-commerce:
While widely used, traditional defenses such as CAPTCHAs are no longer sufficient as bots have evolved to bypass these measures with ease. Researchers found that bots solved distorted-text CAPTCHA tests correctly nearly every time, whereas human accuracy ranged from 50% to 84%. Humans were slower than bots, needing up to 15 seconds to master the challenges compared to less than a second for bots.4
Not only are many CAPTCHAs ineffective, but they also add friction for customers, risking frustration and abandonment.