ECommerce security protects your company and customer data from cyber-attacks and malicious bots. As an eCommerce business owner, you must ensure that all data is handled securely to avoid a breach. Poor eCommerce security can have many negative impacts on a business. Customer trust relies on great customer experience, and when customers enter their personal details into your website, they expect it to be protected.
There are more than 250,000 merchants using the Magento open commerce platform around the world, resulting in millions of users accessing a Magento website every day. That was before the Covid-19 pandemic hit and drove a colossal surge in online activity and, unsurprisingly, consumers significantly exceeded spending predictions. In 2019 there were two days of digital sales that reached $2 billion, and in 2020 there were more than 130.
Scalpers are becoming increasingly sophisticated, not just in their use of advanced bots, but also in less obvious ways to get a hold of their desired goods. Here at Netacea we are dedicated to preventing fraud by monitoring, identifying and stopping malicious bots in their tracks. We are so steadfast in this goal that we have even created a MITRE ATT&CK style framework that defines automated attack kill chains – NetBLADE (Netacea Business Logic Attack Definition).
A staggering $1.9 billion in cryptocurrency was stolen by criminals in 2020, a recent report by Finaria reveals. Fortunately, despite the growth of the crypto market, crypto crime has decreased by 57% since 2019, dropping to $1.9 billion. The widespread recent implementation of stronger security measures also means crypto-criminals stole 160% more in value in 2019 than in 2020, despite the similar number of crimes.
Hotels across the globe have been subject to massive data breaches and widespread loyalty fraud over recent years. Competitive bookings have become a prime target for cybercriminals who take advantage of look-to-book ratios and the vast amounts of data held by hotel chains to execute loyalty program abuse. But as severe travel restrictions came into play and bookings ground to a halt, hotels became almost redundant for 12 months of the pandemic.
Online digital publishing platforms have thrived in the new media age. The ability to publish an article detailing news from around the world, within minutes of it happening, has allowed publishers to give their customers exciting and up-to-date content 24 hours a day, 7 days a week. However, like many other online platforms, publishers are often the victim of cyber-threats. Specifically, malicious bots programmed to perform a variety of attacks such as scraping, content theft and ad fraud.
Table of Contents In a webinar last December, Netacea’s Head of Threat Research, Matthew Gracey-McMinn, and Head of eCommerce, Tom Platt, joined forces to deep dive into the scale of the scalper bot problem, and the impact on the 2020 PS5 launch. If you missed the webinar, we’ve summarized the top takeaways for you here.
PSD2 and Open Banking have been around for a few years now. Each aims to disrupt and future proof the financial services market following the vast technological advancements that occurred over the last two decades, and have left the industry with legacy processes and a lack of legislature to cope with emerging challenges.
Netacea’s Threat Research team works diligently to keep a close eye on emerging bot threats, ensuring we stay one step ahead of cybercriminals and hackers. The team recently completed an exclusive investigation into the Genesis Market, an illegal online marketplace for stolen credentials. While many underground markets for stolen credentials operate from the anonymity of the dark web, Genesis Market is accessible from the open web.
According to Netacea’s latest research ‘The Bot Management Review: the challenge of high awareness and limited understanding’, 95% of financial services surveyed stated that they had experienced a bot attack over the past two years. Since financial services often store highly sensitive and personal information, it is essential that the security measures that they have in place can detect even the most sophisticated of bots.
