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Automated Bots Pose Growing Threat To Businesses

The capability to detect, manage, and mitigate bot-based requests has become of utmost importance as cyber attackers become more automated. Edgio, a company created by the merging of Limelight Networks, Yahoo Edgecast, and Layer0, has unveiled its own bot management service in response to this expanding threat. In order to compete with competing services from Web application firewall (WAF) providers and Internet infrastructure providers, the service focuses on leveraging machine learning and the company's Web security capacity to enable granular policy controls.

Bot management is not just about preventing automated attacks, but also identifying and monitoring good bots such as search bots and performance monitoring services. According to Richard Yew, senior director of product management for security at Edgio, “You definitely need the security solution but you also want visibility to be able to monitor good bot traffic.” In 2022, for example, the number of application and API attacks more than doubled, growing by 137%, according to Internet infrastructure firm Akamai. 

The impact of bots on businesses can be seen in areas such as inventory-hoarding attacks or ad fraud. As a result, bot management should involve all aspects of an organization – not just security. Sandy Carielli, principal analyst at Forrester Research noted that “bot management is not just about security being the decision-makers. If you're dealing with a lot of inventory-hoarding attacks, your e-commerce team is going to want to say in. If you're dealing with a lot of ad fraud, your marketing team will want to be in the room.”

Bot management systems typically identify the source of Web or API requests and then use policies to determine what to allow, what to deny, and which requests represent potentially interesting events or anomalies. Nowadays, 42% of all Internet traffic comes from automated systems — not humans — according to data from Imperva. To deal with this, Edgio inspects traffic at the edge of the network and only allows ‘clean’ traffic through its network. This helps stop attacks before they can impact other parts of the network. Content delivery networks (CDNs) such as Akamai, Cloudflare, and Fastly have also adopted bot management features as well.

Bot management is clearly becoming a more crucial issue for enterprises as automated attacks increase in frequency. Organizations require all-encompassing solutions to address this issue, involving teams from marketing, security, and e-commerce. Employing such technologies enables organizations to safeguard their resources from dangerous bot attacks while keeping track of reputable good bots. 


Binance Executive: Scammers Created a 'Deep Fake Hologram' of him to Fool Victims

 

According to a Binance public relations executive, fraudsters created a deep-fake "AI hologram" of him to scam cryptocurrency projects via Zoom video calls.

Patrick Hillmann, chief communications officer at the crypto hypermart, stated he received messages from project teams thanking him for meeting with them virtually to discuss listing their digital assets on Binance over the past month. This raised some suspicions because Hillmann isn't involved in the exchange's listings and doesn't know the people messaging him.

"It turns out that a sophisticated hacking team used previous news interviews and TV appearances over the years to create a 'deep fake' of me," Hillmann said. "Other than the 15 pounds that I gained during COVID being noticeably absent, this deep fake was refined enough to fool several highly intelligent crypto community members."

Hillmann included a screenshot of a project manager asking him to confirm that he was, in fact, on a Zoom call in his write-up this week. The hologram is the latest example of cybercriminals impersonating Binance employees and executives on Twitter, LinkedIn, and other social media platforms.

Scams abound in the cryptocurrency world.
Despite highlighting a wealth of security experts and systems at Binance, Hillman insisted that users must be the first line of defence against scammers. He wrote that they can do so by being vigilant, using the Binance Verify tool, and reporting anything suspicious to Binance support.

“I was not prepared for the onslaught of cyberattacks, phishing attacks, and scams that regularly target the crypto community. Now I understand why Binance goes to the lengths it does,” he added.

The only proof Hillman provided was a screenshot of a chat with someone asking him to confirm a Zoom call they previously had. Hillman responds: “That was not me,” before the unidentified person posts a link to somebody’s LinkedIn profile, telling Hillman “This person sent me a Zoom link then your hologram was in the zoom, please report the scam”.

The fight against deepfakes
Deepfakes are becoming more common in the age of misinformation and artificial intelligence, as technological advancements make convincing digital impersonations of people online more viable.

They are sometimes highly realistic fabrications that have sparked global outrage, particularly when used in a political context. A deepfake video of Ukrainian President Volodymyr Zelenskyy was posted online in March of this year, with the digital impersonation of the leader telling citizens to surrender to Russia.

On Twitter, one version of the deepfake was viewed over 120,000 times. In its fight against disinformation, the European Union has targeted deepfakes, recently requiring tech companies such as Google, Facebook, and Twitter to take countermeasures or face heavy fines.