How Kasada Counters Toll Fraud and Fake Account Creation for Enterprises

Toll fraud and fake account creation are two advanced threats that bad actors employ for massive profit.
Fake Account Creation is committed by a wide range of attackers, through automating the generation of new user accounts en masse, which then get used to fraudulently take advantage of the target.
The traffic generated by Toll Fraud and Fake Account Creation can easily be mistaken for real usage of an application.
This global retailer is targeted by some of the industry's most sophisticated adversaries, wreaking havoc through fake account creation, fraudulent checkout, scraping, and SMS toll fraud.
Prior to Kasada, their bot defense tool was built-in bot protection from their CDN provider.
Customer #2: Leading Global Streaming Platform As one of the leading streaming platforms for gamers across the planet - with over 100m monthly active users - fake account creation compounded the SMS fraud, fueling infrastructure scaling nightmares for our second customer.
The chart below breaks down the traffic into bots and humans.
Prior to using Kasada, this customer had no idea there were so many bots on their site or that they were costing them hundreds of thousands each and every month.
Despite their existing bot detection tools saying otherwise - in both cases, some clever employees at each organization began to suspect that the traffic patterns they were seeing were indicative of automated tools rather than real users.
To stop fake account creation and toll fraud, you need to detect these actions in the first place.
Kasada specializes in invisibly and effectively separating bad bots from legitimate users - without making people perform puzzling tests, like CAPTCHAs.
After only an hour of going live with Customer #1, Kasada quickly detected thousands of bots attempting to register accounts and was able to turn them away.
Over the first 48 hours of implementation, Kasada discovered and deterred approximately 9 million automated bots.
Prior to hitting Kasada, the CDN's built-in bot management tool should have filtered out the bots, but we found otherwise.
When Customer #2 first implemented Kasada, we quickly found that over 70% of the traffic was from bots that were successfully bypassing their original anti-bot provider, in order to commit fraud.
Kasada's Bot Defense solution put a stop to that.
Many in the industry complain of the hidden complexities involved in implementing bot detection, both during the initial onboarding and the ongoing maintenance required to play the game of cat and mouse with attackers.
Optimized User Experience: Significantly reduced malicious bot traffic, preventing the creation of millions of fake accounts.
Our streaming platform customer was unaware that 75% of their website traffic was attributed to bots.
Eliminated Fake Account Creation: Significantly decreased malicious bot traffic to their authentication service, preventing millions of fake accounts from being created.


This Cyber News was published on securityboulevard.com. Publication date: Sat, 02 Dec 2023 10:13:06 +0000


Cyber News related to How Kasada Counters Toll Fraud and Fake Account Creation for Enterprises

How Kasada Counters Toll Fraud and Fake Account Creation for Enterprises - Toll fraud and fake account creation are two advanced threats that bad actors employ for massive profit. Fake Account Creation is committed by a wide range of attackers, through automating the generation of new user accounts en masse, which then get ...
7 months ago Securityboulevard.com
Comprehensive Guide to Fraud Detection, Management, & Analysis - To mitigate risks, businesses can use risk management strategies, including fraud detection software, company policies, and staff ranging from risk managers and trust officers to fraud analysts. Affiliate Fraud - Affiliates in a marketing arrangement ...
6 months ago Securityboulevard.com
Deepfake Digital Identity Fraud Surges Tenfold, Sumsub Report Finds - Threat actors undertaking identity fraud have been using deepfakes ten times more in 2023 than in 2022, according to digital identity verification solutions provider Sumsub. In its third annual Identity Fraud Report, published on November 28, 2023, ...
7 months ago Infosecurity-magazine.com
Kasada Embraces Machine Learning to Reduce Bot Traffic - Kasada has updated its bot defense platform to add hundreds of sensors and machine learning algorithms that detect, in real-time, code that might otherwise bypass legacy approaches to detecting machine-generated traffic rather than that generated by ...
5 months ago Securityboulevard.com
Identity Fraud Rises as E-Commerce, Payment Firms Targeted - An analysis of global customer data has highlighted a 20% increase in overall fraud incidents compared to last year, largely attributed to the surge in impersonation fraud and the accessibility of sophisticated attack methods and tools. The gaming, ...
6 months ago Securityboulevard.com
5 Fraud Prevention Strategies That Help Companies Ward Off Cyber Attacks - According to PwC's 2022 survey, over half of companies experienced fraud in the past two years, the highest in 20 years of research. From cyber-attacks to wire fraud to dishonest employees, there's no shortage of threats that aim to profit off your ...
6 months ago Hackread.com
Fighting the Next Generation of Fraud - In today's digital age, the landscape of fraud is evolving at an alarming pace. In 2022, 20-59-year-olds reported 63% of all fraud in the United States. Fraudsters have been quick to harness the potential of generative AI to perpetrate various ...
6 months ago Securityboulevard.com
Does Less Consumer Tracking Lead to Less Fraud? - Authors Bo Bian, Michaela Pagel and Huan Tang investigated the relationship between the rollout of Apple's App Tracking Transparency and reports of consumer financial fraud. By default, Apple's ATT opted all iPhone users out of tracking, which meant ...
6 months ago Eff.org
I purchased a luxury vacation to Aruba for only $151.73 - It is an automated way to test many valid login and password combinations in hopes of getting into someone else's account. The travel industry is especially vulnerable to account fraud given the value contained within accounts - where customer ...
1 month ago Securityboulevard.com
What Can Go Wrong with Bank Online Account Opening? - Online account opening is one of the most crucial functions for banks today. They pull out their driver's license and show it to the camera on the phone or on the PC. The bank checks some data and vets the driver's license and a new account is ...
6 months ago Securityboulevard.com
Anti-Fraud Project Boosts Security of African, Asian Financial Systems - A nonprofit has launched the first open source platform aimed at delivering sophisticated anti-fraud capabilities to financial systems in Africa as well as parts of Asia and the Middle East. The Tazama open source project is real-time financial ...
3 months ago Darkreading.com
DataVisor integrates SMS customer verification into its platform - DataVisor announced the expansion of its end-to-end platform capabilities with the integration of SMS customer verification for fraudulent transactions. This new offering, powered by Twilio technology, provides customers with enhanced fraud ...
6 months ago Helpnetsecurity.com
US Consumers Lose a Record $10bn+ to Fraud Last Year - US adults lost over $10bn to fraud in 2023, with investment scams the biggest earner for threat actors, according to the latest figures from the FTC. The figures represent a record high for fraud losses, having increased 14% year on year. Investment ...
4 months ago Infosecurity-magazine.com
Omdia: Standalone Security Products Outsell Cybersecurity Platforms - In its many briefings with cybersecurity vendors, one of the most consistent themes Omdia hears is why enterprises need cybersecurity platforms. Instead, vendors claim, enterprises could get better outcomes if they give up their multitude of ...
6 months ago Darkreading.com
How Businesses Can Manage Cryptocurrency Fraud - With cryptocurrency payments on the rise, businesses must learn how to safeguard against potential risks. Businesses across the US are seeking innovative payment methods, with an estimated 75% of retailers looking to embrace cryptocurrency payment ...
4 months ago Cyberdefensemagazine.com
Kasada launches advanced bot defense platform with evolving protection and attack insights - Kasada launched its enhanced bot defense platform with always-evolving protection, tamper-proof data collection, and augmented data-driven attack insights. Traditional bot detection systems have not kept pace with evolving automated threats. They ...
6 months ago Helpnetsecurity.com
Fraudsters have found creative ways to scam some businesses - 70% of businesses report that fraud losses have increased in recent years and over half of consumers feel they're more of a fraud target than a year ago, according to Experian. To thwart fraudulent activity in 2024, businesses need to deploy more ...
4 months ago Helpnetsecurity.com
Latest Information Security and Hacking Incidents - In a recent report by FICO on Fraud, Identity, and Digital Banking, it was revealed that nearly two million Brits may have fallen victim to identity theft last year. The analytics firm found that 4.3% of respondents experienced fraudsters using their ...
4 months ago Cysecurity.news
Microsoft clamps down on Windows 11 users who want local accounts - The first twist concerns an online support page that deals with Windows user accounts. In versions of the page before last week, Microsoft included steps on how to switch from a Microsoft account to a local account. Specifically, a version of the ...
1 week ago Zdnet.com
Guardians of Tomorrow: Arkose Labs Shares the Top 3 Cyber Threats for 2024 - Hosted by top executives at Arkose Labs, including CCO Patrice Boffa, CFO Frank Teruel, and CPO Ashish Jain, this crystal ball session explores forecasted cyber threats for enterprises in 2024, backed by real-world examples and threat analysis. With ...
6 months ago Securityboulevard.com
Fake and Stolen X Gold Accounts Flood Dark Web - A surge of fake or stolen X Gold accounts has been flooding marketplaces and forums both on the surface web and the dark web over the past year, according to CloudSEK. Threat actors have used multiple techniques to forge or steal X Gold accounts ...
6 months ago Infosecurity-magazine.com
US court docs expose fake antivirus renewal phishing tactics - In a seizure warrant application, the U.S. Secret Service sheds light on how threat actors stole $34,000 using fake antivirus renewal subscription emails. The now-executed seizure warrant was submitted by Special Agent Jollif of the United States ...
5 months ago Bleepingcomputer.com
CyberCrime & Doing Time: Identification Documents: an Obsolete Fraud Countermeasure - When I'm talking to bankers and other fraud fighters, I often mention how easy it is for a criminal to obtain a Drivers License bearing any information they desire. In the new case, Brianna Mills, a 28-year old bank teller in Loganville, Georgia ...
4 months ago Garwarner.blogspot.com
Internationalizing Efforts to Counter Tech Support Scams - The Central Bureau of Investigation, India's federal enforcement agency, recently conducted a series of criminal raids against illegal call centers across the country in an attempt to clamp down on tech support fraud. These raids were the result of a ...
6 months ago Darkreading.com
9 online scams to watch out for this holiday season - By being aware of these common online scams and taking precautions, you can protect yourself and your family from becoming victims this holiday season. The holiday season is upon us, and that means it's time to start shopping for gifts. It's not just ...
7 months ago Blog.avast.com

Latest Cyber News


Cyber Trends (last 7 days)


Trending Cyber News (last 7 days)