"Bots Are Stealing Christmas!"
Security researchers at Kasada released new data on the latest fraud and malicious automation trends. The researchers observed a 4x increase in automated online gift card lookup attempts during the holiday season. The researchers also observed a 10x increase in malicious login attempts due to credential stuffing. The researchers discovered a new type of sophisticated all-in-one bot (AIO) called the Grinch Bot. The Grinch Bot has been used prominently during hype drop sales and is more efficient and effective than its predecessors. The team observed in recent hype sales that this new Grinch Bot spikes from 0% to 99% of the total bot requests for the duration of the sale, and then once the inventory is gone, it disappears until the next drop. The researchers also observed that most Black Friday bad bots come from the USA, followed by Australia and the UK. CEO of Kasada stated that the level of sophistication they have witnessed within the botting community is at an all-time high as they continue to collaborate and improve upon their methods to conduct online fraud and generate profits through the use of malicious automation.