How To Improve Bot Detection With Machine Learning

Before Covid-19 financial institutions saw a 10:1 ratio of bot-based malicious to legitimate login attempts, according to Aite Group's Fraud & AML practice. Malicious login attempts are setting new records every month. Between 2018 and 2019, there was an 84% increase in the number of breached data reports, reaching 15.1B accounts last year. Fraud operations funded by organized crime run much like legitimate businesses, complete with ongoing recruiting campaigns for AI, bot and machine learning expertise and office locations focused on developing breach strategies. As of June 2020, login credentials for online banking averaged about $35 on the dark web while payment card details averaged between $12 and $20 apiece, according to analysis again by Help Net Security.