In the world of cybercrime, ransomware, and DDoS attacks had the highest profile by far during the past year. There was an entire day devoted to a ransomware “summit” at the recent RSA conference in San Francisco.
But when it comes to money being lost (and made), bot fraud is king – by a lot.
Most estimates of losses in the US from ransomware during 2016 were in the $1 billion range. By contrast, a study published in January 2016 by White Ops and the Association of National Advertisers (ANA) titled “Bot Baseline: Fraud in Digital Advertising,” estimated global losses in 2016 would be $7.2 billion.
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