53% of social media logins are fraudulent, according to Arkose Labs report. 25% of all new account applications on social media are also coming from scammers, report finds. Report looked at over 1.2 billion real-time transactions, including account registrations, logins and payments from financial services, e-commerce, travel, social media, gaming and entertainment industries. One in 10 transactions of any type is an attack, coming from a range from automated bots to malicious humans. Attacks relying on human labor are mostly 59.3% coming from China.”]
Source: https://nakedsecurity.sophos.com/2019/08/28/report-53-of-social-media-logins-are-fraud/