"Bot Attack Costs Double to $86m Annually"
"Bot Attack Costs Double to $86m Annually"
According to security researchers at Netacea, the typical business in the US and UK loses over 4% of their online revenue every year due to malicious bot attacks. The researchers surveyed 440 businesses with an average online revenue of $1.9bn across the travel, entertainment, e-commerce, financial services, and telecoms sectors in the US and the UK. The researchers found that the average firm loses $85.6m annually to bot attacks, up from $33.3m per business in 2020. The researchers noted that this is far greater than the average ransom payment or GDPR fine.