Cyberattacks have rapidly evolved since the advent of online transacting almost 25 years ago, with attackers continually escalating and refining their techniques to protect their illicit revenue streams. More recently, cybercriminals have been weaponizing AI tools to easily bypass traditional security controls and generate effective new credential stuffing attacks at scale. In an interview with Shuman Ghosemajumder, Global Head of Artificial Intelligence at F5, the significance of this evolutionary milestone becomes clear. Ghosemajumder unpacks what it means for the future of cybersecurity and heralds some of the next generation technologies that will get us there.
Over half of all online fraud occurs because fraudsters are using stolen data to appear like real customers (this is also known as “clean fraud.”) Shape distinguishes fake users from real ones before they have the chance to commit fraudulent transactions.
Gift cards are enumerated on websites and then resold to unsuspecting victims on third-party marketplaces. Retailers and e-commerce companies rely on Shape Enterprise Defense to prevent gift card cracking attacks.
Every website that is built for users gets abused by attackers using automation. Shape offers comprehensive anti-automation technology that is built on the same platform that defends 20% of Fortune 500 brands from imitation attacks.