When it comes to discovering who benefits from bots the answer is a complicated one as not every bot has malicious intent.
However, according to Statista, the latest figures from 2023 show the estimated annual cost of cybercrime in the UK was the equivalent of $320 billion.
Veracity Trust Network is delighted to announce that we have been awarded the Cybersecurity Co-Innovation and Development Fund (CCDF) – CyberCall grant – by the Cyber Security Agency Singapore (CSA).
The CyberCall grant will be used to develop and deliver the next generation of our technology, providing advanced malicious bot detection working in collaboration with a global efashion retailer headquartered in Singapore.
Cybercrime is here to stay and an important part of any company’s security measures should include identifying malicious bot types.
According to the UK Government’s Cyber Security Breaches Survey 2023, 32% of all UK businesses and 24% of charities reported a cyberattack in the past 12 months.
Deploying ad fraud software is one guaranteed way of fighting the current trend of falling advertising budgets.
Average marketing budgets have fallen to 7.7% of overall company revenue, down from 9.1% in 2023, according to Gartner’s survey of 395 CMOs and marketing leaders.
Cyber Security for charities & third sector should be a priority as almost a quarter of all UK charities were the victims of a cyber-attack in 2023.
The figures come from the Cyber Security Breaches Survey, published by the Department for Science, Innovation and Technology and highlight the dangers charities and third sector organisations face from cyber criminals.
Back in 2019 we ran a talk for Leeds Digital Festival – The Bots Are Coming. It’s 2024 and the bots are here and they’re wreaking havoc.
Globally the estimated digital advertising spend lost to ad fraud in 2022 came to $68 billion according to research from Juniper.
Although the UK’s advertising market spend saw an increase in 2023 to £9.6bn – ad fraud still remains the biggest threat to budgets.
According to the latest IPA Bellweather report, marketing budgets saw their biggest growth since 2014 but ad fraud also hit an estimated $84 billion in the same year.
Veracity Trust Network’s CEO Nigel Bridges will be one of the speakers at a webinar diving into cybersecurity threat mitigation hosted by SecureX.
The webinar, on October 12th at 1pm EDT (6pm BST), will discuss some of the most important aspects on how to combat cyber threats effectively.
The rise in cyber attacks could make them uninsurable according to the head of one of Europe’s biggest insurance companies Zurich.
Mario Greco, CEO at the Swiss-based company, told the Financial Times that cyber attacks, rather than natural disasters, would become uninsurable if the disruption from hacks continues to rise.
Bot traffic is a key component of digital ad fraud, the cost of which is projected to climb from $35 billion in 2018 to $100 billion in 2023.
E-commerce applications and login portals are the most common targets of advanced persistent bot traffic.
We’ve talked a lot about bots here at Veracity but all business owners need to be aware of the very real danger they pose for your brand website.
Bots aren’t always a bad thing, they help us order food, they’re used in apps to support customer service and many of them exist to help the world wide web function and allow the internet to work as it should do.
Award-winning malicious bot protection.
Cyber Award Winner 2021
AI-Enabled Data Solution of the Year – DataIQ Awards 2023 Finalist
Tech Innovation of the Year Winner – Leeds Digital Festival Awards
Cyber Security Company of the Year – UK Business Tech Awards 2023 Finalist
Best Use of AI – Tech Awards 2023 – Highly Commended
UK’s Most Innovative Cyber SME 2024 –
Runner Up
