Study unveils which industries are hardest hit by fraud in Q2 2020

The report found that fraud attacks in Q2 2020 grew sharply

online gaming retail

Study unveils which industries are hardest hit by fraud in Q2 2020. Source: shutterstock.com

Arkose Labs has revealed that online gaming and retail became the worst-hit industries from fraud and abuse attacks of Q2 2020.

The report also highlighted the human versus bot attack mix across industries.

In Q1 2020, there was a barrage of bot attacks that constituted 74% of all attacks. In Q2, although, fraudsters switched over to using sweatshops to effect human-driven fraud. 41% of attacks were human-driven, which was the highest proportion recorded in the last year.

The online gaming sector registered a whopping 65 attacks per second. The most attacked touchpoint was logins, which grew 22% over the previous quarter. The sector also saw a surge in human-driven attacks in Q2 at 41%

As to retail, businesses had to incorporate e-commerce amid the pandemic. New entrants into e-commerce are particularly vulnerable to fraud. In Q2 2020, 1 in 5 attacks targeting e-commerce websites was human-driven.

We’ve reported that Amazon has announced the general availability of Amazon Fraud Detector. That’s a fully managed service that allows customers to quickly identify potentially fraudulent online activities.

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