• Tech News
    • Games
    • Pc & Laptop
    • Mobile Tech
    • Ar & Vr
    • Security
  • Startup
    • Fintech
  • Reviews
  • How To
What's Hot

Elementor #32036

January 24, 2025

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

April 18, 2024

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

April 16, 2024
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Facebook Twitter Instagram Pinterest VKontakte
Behind The ScreenBehind The Screen
  • Tech News
    1. Games
    2. Pc & Laptop
    3. Mobile Tech
    4. Ar & Vr
    5. Security
    6. View All

    Bring Elden Ring to the table with the upcoming board game adaptation

    September 19, 2022

    ONI: Road to be the Mightiest Oni reveals its opening movie

    September 19, 2022

    GTA 6 images and footage allegedly leak

    September 19, 2022

    Wild west adventure Card Cowboy turns cards into weird and silly stories

    September 18, 2022

    7 Reasons Why You Should Study PHP Programming Language

    October 19, 2022

    Logitech MX Master 3S and MX Keys Combo for Business Gen 2 Review

    October 9, 2022

    Lenovo ThinkPad X1 Carbon Gen10 Review

    September 18, 2022

    Lenovo IdeaPad 5i Chromebook, 16-inch+120Hz

    September 3, 2022

    It’s 2023 and Spotify Still Can’t Say When AirPlay 2 Support Will Arrive

    April 4, 2023

    YouTube adds very convenient iPhone homescreen widgets

    October 15, 2022

    Google finishes iOS 16 Lock Screen widgets rollout w/ Maps

    October 14, 2022

    Is Apple actually turning iMessage into AIM or is this sketchy redesign rumor for laughs?

    October 14, 2022

    MeetKai launches AI-powered metaverse, starting with a billboard in Times Square

    August 10, 2022

    The DeanBeat: RP1 simulates putting 4,000 people together in a single metaverse plaza

    August 10, 2022

    Improving the customer experience with virtual and augmented reality

    August 10, 2022

    Why the metaverse won’t fall to Clubhouse’s fate

    August 10, 2022

    How Apple privacy changes have forced social media marketing to evolve

    October 16, 2022

    Microsoft Patch Tuesday October Fixed 85 Vulnerabilities – Latest Hacking News

    October 16, 2022

    Decentralization and KYC compliance: Critical concepts in sovereign policy

    October 15, 2022

    What Thoma Bravo’s latest acquisition reveals about identity management

    October 14, 2022

    What is a Service Robot? The vision of an intelligent service application is possible.

    November 7, 2022

    Tom Brady just chucked another Microsoft Surface tablet

    September 18, 2022

    The best AIO coolers for your PC in 2022

    September 18, 2022

    YC’s Michael Seibel clarifies some misconceptions about the accelerator • DailyTech

    September 18, 2022
  • Startup
    • Fintech
  • Reviews
  • How To
Behind The ScreenBehind The Screen
Home»Security»CHEQ helps ecommerce businesses fake out the ‘fake web’
Security

CHEQ helps ecommerce businesses fake out the ‘fake web’

August 17, 2022No Comments5 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
CHEQ helps ecommerce businesses fake out the 'fake web'
Share
Facebook Twitter LinkedIn Pinterest Email

Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Watch here.


“Yes, I am a human being.”

–You, probably

We’ve all checked this box after selecting images of streetlights, bicycles, train tracks, animals — or any manner of random categories — on grids on our screens. In theory, it’s supposed to filter humans from fake bots, but today’s bots are sophisticated enough to bypass this kind of security.

Enter go-to-market security provider CHEQ, which was launched in 2016 to help marketing companies identify and thwart such bots, fake users, skewed data and other invalid traffic. To further bolster these capabilities, the Tel Aviv-headquartered company today announced its acquisition of cybersecurity company Ensighten. 

“The ‘fake web’ is wreaking havoc on business’ bottom lines,” said Guy Tytunovich, CHEQ’s CEO. “Companies operating online at scale are exposed to huge risks and inefficiencies. It is virtually impossible to function efficiently today as a go-to-market organization when a huge portion of the traffic running your funnel isn’t authentic.” 

A constant, evolving battle

An enormous amount of internet traffic is fake, automated or malicious — somewhere between 40 and 60%, by CHEQ’s estimates. 

Event

MetaBeat 2022

MetaBeat will bring together thought leaders to give guidance on how metaverse technology will transform the way all industries communicate and do business on October 4 in San Francisco, CA.

Register Here

As Tytunovich explained, this can include bots clicking on ads, bad actors taking over customer accounts, and automated site traffic skewing business intelligence (BI) and marketing analytics. 

See also  Cybersecurity mesh provides decentralized safety and swarm AI for remote-first enterprises

Just this past year, for instance, PayPal acknowledged that 4.5 million fake new accounts were opened on its site — likely looking to exploit $5 or $10 new user incentives. 

Then there was the high-profile pausing of Elon Musk’s Twitter takeover bid — a decision that the multibillionaire attributed to bots and fake accounts. 

CHEQ itself analyzed 5.2 million visits originating from Twitter to its own customers’ websites. This research revealed that only about 11.7% of such visits were bots. But, as Tytunovich pointed out, this is a conservative estimate, as it only accounted for bots that clicked on ads.

In response to ever-expanding threats, the global bot-management solution market is expected to grow from $1.5 billion in 2018 to $3.2 billion by 2030, representing a compound annual growth rate (CAGR) of more than 16%. This comes as the overall cybersecurity market is also expected to continue on a track of exponential growth — by one measure, from Fortune Business Insights, as being worth $366 billion by 2028 (well more than double its 2020 valuation of $153.2 billion). 

A legitimate customer? CHEQ says think again

The impact of the fake web is immense: CHEQ research revealed that it costs businesses roughly $42 billion every year. 

CHEQ, which competes in the bot-detection market with Netacea, Datadome and Cloudflare, also discovered in an analysis of more than 50,000 global websites that 470 million “online shoppers” are actually bots and fake users. These include malicious scrapers, fraudsters and account takeover bots.

Furthermore, according to CHEQ research: 

  • 32% of all organic and direct traffic arriving at retailer websites comes from invalid sources. 
  • 25% of invalid traffic comes from automated tools. 
  • One-third of all online shoppers on the most recent 2021 Black Friday were bots.
  • Ecommerce sites lose $2.34 billion to invalid ad clicks. 
  • Bots abandoning carts cost companies $5.7 billion. 
See also  A number of Zero-Day Bugs Noticed In Automobile GPS Tracker

Tytunovich also noted that nearly half a billion ecommerce website visitors every year are not authentic human users — thus, they do not have the intent, let alone the ability, to purchase. The most prevalent ecommerce cyber schemes include click fraud, credit card fraud, user-journey hijacking and cookie stuffing (the practice of dropping multiple affiliate cookies on a user’s browser to claim sales commissions). 

“We have seen threats caused by the fake web specifically impact ecommerce businesses in a major way,” said Tytunovich. “An abundance of bots can lead to loss of customer trust, as well as private data leaks, and search visibility issues for the brand. This has become a strategic issue for retailers who want to maintain a sustainable business in the online world.”

Expanding capabilities

All this leaves marketing teams wasting resources attracting fake users, sales teams spending time and money nurturing invalid leads and firms pouring millions into analyzing inaccurate data collected from bot traffic, Tytunovich said. 

CHEQ’s business mission is to help ensure that marketing funnels, sales pipelines, websites, forms, shopping carts, data and analytics aren’t being compromised by bots, fake traffic or malicious users. 

CHEQ secures vulnerabilities in one central hub, and its tools run more than 2,000 real-time cybersecurity challenges on website visitors to verify legitimacy. Its technology also mitigates bots and performs behavioral analysis to distinguish between good or bad traffic.  

The company has a network of more than 14,000 customers, and it performs weekly analysis of 25 trillion interactions, events and engagements to help power its algorithms and databases, said Tytunovich.

See also  Goldman Sachs CEO David Solomon Weighs In On The State Of America’s Small Companies, Markets And Extra

CHEQ’s acquisition of California-based Ensighten will help CHEQ expand into other vulnerable areas including customer safety, privacy enforcement and data security, Tytunovich said. Ensighten specializes in privacy compliance enforcement, customer hijacking prevention and anti-data exfiltration (ADX).

CHEQ, which acquired Ensighten for an undisclosed sum, has raised a total of $183 million in funding to date. This includes its most recent $150 million series C round in February.

Source link

Businesses CHEQ ecommerce Fake helps Web
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Digital Transformation Challenges And How Businesses Can Overcome Them

September 9, 2023

Threads Is Rolling Out on the Web. That Just Might Save It

August 27, 2023

In the Dreams Favela, Wi-Fi and Ecommerce Promise a Better Future

August 19, 2023

Fake Meat Is Bleeding, but It’s Not Dead Yet | Startup

August 17, 2023
Add A Comment

Comments are closed.

Editors Picks

Jadu launches NFT avatars because it prepares for the AR metaverse

August 2, 2022

The original Kirby anime is getting a blu-ray remaster

August 17, 2022

Swvl’s $100M acquisition of Sensible Bus startup Zeelo is off, amid tech shares droop – DailyTech

July 30, 2022

Personalization Is Now A Must-Have

August 18, 2022

Subscribe to Updates

Get the latest news and Updates from Behind The Scene about Tech, Startup and more.

Top Post

Elementor #32036

The Redmi Note 13 is a bigger downgrade compared to the 5G model than you might think

Xiaomi Redmi Watch 4 is a budget smartwatch with a premium look and feel

Behind The Screen
Facebook Twitter Instagram Pinterest Vimeo YouTube
  • Contact
  • Privacy Policy
  • Terms & Conditions
© 2025 behindthescreen.uk - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.