Hackers using bot armies for financial gain

A new security report by digital identity company ThreatMetrix says hackers are using a large army made out of "automated cyber robots", or bots, for financial gain. Their Q1 2016 report, entitled Q1 Cybercrime Report, says there have been 311 million bot attacks detected and stopped in this year’s first quarter. Although the report fails to mention exactly how these bots are utilised to earn their masters money, it mentions two types of attacks: "loud and fast" and "low and slow". It says that fraudsters first buy large batches of login credentials on the dark web, and test them to… [Continue Reading]