Imperva Warns: Cyber Threats Surge 285% in Australian Retail
Imperva's latest report, 'The State of Security Within eCommerce 2022', reveals a surge in cyber threats targeting Australian retail over the past year. The report highlights a significant increase in automated threats and API attacks, with a sharp rise in account takeover (ATO) attempts.
Between September and November 2021, API attacks increased by 35% and then spiked another 22%. This trend continued into 2022, with cyberattacks in Australian retail almost tripling (285%) in the first half of the year compared to the second half of 2021. Automated threats made up a staggering 69% of all security incidents in the past 12 months.
During peak holiday shopping periods in October and November 2021, bot-related attacks on retail sites grew by 10% and 34% respectively. Nearly 40% of traffic on retailers' websites came from bots, with 23.7% attributed to bad bots contributing to online fraud. ATO attacks increased fourfold (315%) in Q4 2021 and were 185% higher in H1 2022 compared to H2 2021. The report also notes a rise in advanced bots, growing from 23.4% to 31.1% on retail sites, posing a significant challenge for organizations to stop.
The report underscores the persistent challenges faced by Australian eCommerce from automated threats like account takeover, credit card fraud, web scraping, API abuses, Grinch bots, and DDoS attacks. With API attacks and ATO attempts on the rise, retailers must prioritize robust cybersecurity measures to protect their customers and businesses.
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