Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

In recent years, the world of artificial intelligence (AI) has seen a significant increase in the use of language models. ChatGPT, a language generation model developed by OpenAI, has been making waves in the news with its ability to process large amounts of data, which can be used to train machine learning models and to test them. One feature that’s grabbed headlines is its ability to write code and provide feedback on the accuracy and efficiency of code.

If one topic has been on the minds of CISOs and CIOs alike over the last three years of Covid and post-Covid hybrid enterprise work environments, it’s ransomware. A distributed tech workforce — using distributed software services — proved to be no match for highly automated ransomware bots and malware executing encryption attacks. But this year, like the end of War of the Worlds, the attacking bots may suddenly fall silent.

Today, we’re proud to announce that Netacea is officially SOC 2 Type I compliant across four areas: security, availability, confidentiality, and privacy. This significant achievement demonstrates our commitment to keeping customer data safe and secure. While delivering the most accurate bot detection capability in the market, and protecting millions of accounts and transactions daily, Netacea processes and stores trillions of rows of customer data.

This week it was revealed that a huge credential stuffing attack had cost sports betting organization DraftKings $300,000. More specifically, cyber-crooks had used credential stuffing to gain access to many DraftKings customer accounts via a large-scale account takeover (ATO) attack and withdrawn funds. DraftKings has subsequently reimbursed the affected accounts, leaving the business out of pocket rather than its customers.

We’re looking forward to hearing Forrester’s research into bot threats over the past year, and sharing expert opinions on what businesses need to watch out for going into 2023, in an upcoming webinar. The webinar will feature Forrester Senior Analyst Janet Worthington, alongside our CPO and co-founder Andy Still and Head of Threat Research Matthew Gracey McMinn. Register now: How will bots impact your business in 2023?