Advertisers are expected to lose an estimated $7.2 billion globally this year as a result of automated bots, according to a study by the Association of National Advertisers and White Ops, a provider of anti-fraud measures to advertisers.
Other companies joining this project include Dstillery, Facebook, MediaMath, Quantcast, Rubicon Project, The Trade Desk, TubeMogul and Yahoo.
According to a report released by an anonymous writer who claims to have interest in the bitcoin market, someone--either a hacker or an entity inside the company--was able to create dummy accounts, referred to as "Willy" by users familiar with their activity, and siphon coins away from the market while also artificially raising the cryptocurrency's value last November.
Two out of three IT security breaches involve attackes using stolen or misused credentials, while a majoritty of organizations have networks infected by malware and bots.
The top news stories for May 19, 2014.
Mobile bad bot traffic is up a staggering 1,000 percent this year, and one new study expects mobile to be the focus of even greater bad bot behavior in 2014.
Unknown hackers used Amazon's cloud service to circumvent LinkedIn security measures and copy hundreds of thousands of LinkedIn member profiles daily, says LinkedIn in a case filed this week in the U.S. District Court in Northern California.