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Image of the Earth with multiple areas digitally unlocked for hackers. Source: Shutterstock.

Financial services organizations saw a 28% increase in automated bot attacks and 28% drop in human-initiated cyber-attacks over the first six months of 2021 compared to the same time period last year, according to a new report from LexisNexis Risk Solutions.

Across all industries globally, bot attacks – which typically mass-test stolen identity credentials on a particular use case and originate from a machine or series of machines, according to the report – rose 41% year-over-year in the first half of this year. Human-initiated attacks on individual online transactions, which typically return full digital identity profiling data, fell 29% across all industries globally during the same time period, the report said.

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Natasha Chilingerian

Natasha has served as an editor for CU Times since March 2015. She also served as a communications specialist for Xceed Financial Credit Union (now Kinecta FCU) in Los Angeles from 2013-2015, and as a CU Times freelancer from 2011-2013. She has been a professional writer for more than 16 years, specializing in news and lifestyle journalism as well as marketing copywriting for companies in the finance and technology space.

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