Death By a Billion Bots
Thursday, October 19th 2023 16:00 GMT / 17:00 CET
About this event
The explosive impact of ransomware and GDPR fines grab attention in boardrooms and in the press, but the corrosive damage of automated attacks is just as ruinous. Bad bots are to blame, striking businesses in their billions daily.
Now in its third year, Netacea’s study continues to shed light on the financial impact of bots. Independent research firm Coleman Parkes surveyed 440 US & UK businesses with an average online revenue of $1.9bn across the travel, entertainment, ecommerce, financial services and telecoms sectors.
This year’s study brings shocking findings into focus:
- $85.6m (or 4.3% of online revenue) was lost by each business, on average, to bot attacks last year – more than twice the previous figure.
- Four months is the average time taken to detect bot attacks.
- 72% of businesses detected attacks from China, and 66% from Russia (an 82% increase over the previous two years).
- 40% of enterprises are attacked via their APIs – and for the first time, bots are targeting mobile apps more than websites.
On this webinar, you’ll hear expert analysis of these findings from Netacea Principal Security Researcher Cyril Noel-Tagoe, industry insights from Tom Parker, Cyber Security Manager at BT, and academic viewpoints from Rob Black, Lecturer in Information Activities at Cranfield University.
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Meet our speakers
Cyril Noel-Tagoe is an experienced information security professional and Principal Security Researcher at Netacea. He spends his time researching, speaking and writing about malicious bots and other cyber security topics.
Tom Parker is a cyber security & IT professional with 14 years’ experience in the telecommunications industry. As a key part of BT’s cyber security team, Tom specializes in Identity security, supporting the market facing units to meet its strategic ambitions by delivering a trusted and secure authentication framework by design.
Rob Black has worked in the field of Influence and Information Operations since 2003. As a Lecturer in Information Activities, he leads a series of modules on the UK MoD’s MSc in Cyberspace Operations, as well as supporting the UK Defence Cyber Academy in educating senior MoD Leaders about Warfare in the Information Age.
Dani is a cybersecurity writer and marketing specialist, who strives to decipher the mysteries behind complex cybersecurity subjects and deliver them to a wide audience. Since joining Netacea in 2019, Dani has used her experience in journalism and analyst relations to create compelling external communication strategies that effectively articulate the threat of automated attacks.
Agenda
What you'll hear
A panel discussion covering the key findings, from the perspectives of a security researcher, an industry professional working in a major telecommunications provider, and an academic focused on cyber warfare and geopolitical influence.