A new report from cybersecurity firm Arkose Labs reveals the origins and the most used methods used in the hack attacks affecting businesses around the world.
Based on user data and attack patterns acquired through the Arkose Labs Fraud and Abuse Prevention Platform between April and June, the data showed that about 11 per cent of all sessions were attacks.
Looking at where these digital assaults occured, 11.1 per cent happened around payments, 10.9 per cent around account registrations and 10.4 per cent around logins. For the finance industry, nine per cent of all login attempts were fraudulent.
The research also revealed that most attacks originated from the US, Russia, Philippines, the UK and Indonesia. But they were not all the same.
In both the US and Russia, 11.8 per cent of the attacks were human driven whilst 88.2 per cent were automated. Comparatively, those figures were 11.7 and 88.3 per cent respectively in the Philippines. In Indonesia, 86.5 per cent of attacks were automated and 13.5 per cent were based on human beings.
China was the top originator that stood out from the crowd with 40.7 per cent of attacks being automated and 59.3 per cent being human-based.
About a third of the attacks facing the finance sector were human driven compared to little over half of the attacks facing the retail industry.
“Cybercrime is the biggest threat to companies and a huge burden for digital natives across the globe. With trillions of dollars lost each year, cybercrime represents massive financial costs and is presumably more profitable than the global drug trade,” said Kevin Gosschalk, CEO and founder of Arkose Labs.
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