Over Half of Social Media Logins Are Fraudulent

Social media sites like Facebook and Instagram have long been repositories for fake posts skillfully manipulated to present a rose-tinted version of users' lives to the digital world. 

A report released today by fraud remediators Arkose Labs revealed that it isn't just the content on social media that's giving off the foul reek of fakery. The Fraud & Abuse Report found that 53% of all logins on social media sites are fraudulent. 

The report, which analyzed more than 1.2 billion transactions made between April 1, 2019, and June 30, 2019, found that 11% of all online transactions, including account registrations, logins and payments, were actually cyber-attacks. 

Attacks were found to originate globally, in both wealthy countries and developing economies. The majority of fraud attacks came from the US, Russia, the Philippines, the UK and Indonesia. 

Interestingly, the attack mix varied across industries, with some spheres more likely to suffer human-driven cyber-attacks, while others were chiefly targeted by bots. 

The technology industry stood out as heavily targeted by human click-farms and sweatshops, with almost 43% of attacks driven by humans. However, it was the retail industry that saw the highest proportion of human culprits, with a 50/50 split between attacks driven by humans and bot-led assaults.

Cyber-criminals were found to use a two-pronged approach, sending humans to work on a target after large-scale automated attacks by bots proved unsuccessful.

Commenting on the report's findings, the VP of strategy at Arkose Labs ..

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