Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Business
    3. >Danger, bots at work: the risk of botnets for businesses
    Business

    Danger, Bots at Work: The Risk of Botnets for Businesses

    Published by Jessica Weisman-Pitts

    Posted on November 14, 2022

    5 min read

    Last updated: February 3, 2026

    Add as preferred source on Google
    An image depicting a businessman working with a robot, illustrating the growing risks of botnets in cybersecurity. This visual connects to the article's focus on the dangers posed by automated bots in business environments.
    Businessman collaborating with a robot, symbolizing cybersecurity risks from bots - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:cybersecuritytechnologyfinancial servicesrisk managementbusiness services

    By Paulo Henriques, Head of Cyber Security Operations at Exponential-e

    Thanks to Elon Musk, bots have been making headlines more than ever recently; according to some estimates, they now account for 20% of all Twitter accounts. But social media bots aren’t new and have been making appearances across many social media platforms, including Facebook, for some time.

    To many they appear harmless, simply offering the ability to give politicians, celebrities and influencers increased follower counts. Behind these seemingly inoffensive accounts, however, lies a great deal of danger for the common social media user and their employers.

    More than the eye can see

    Bots in the social media context are perhaps most well-known for spreading misinformation. But they’re also great tools for bad actors to spread credential-harvesting malware – dressed up as clickbait – to thousands of users’ devices, in the aim of exploiting their access to sensitive assets and systems.

    It’s at this stage where the real ‘bots’ come to play. In an IT context, bots are conventionally known as automated software programmes that users or businesses use to automatically complete repetitive, pre-defined tasks. And it’s when these bots work together that things can go from bad to worse.

    There’s no ‘i’ in bots

    Bot networks, or botnets, are a result of cybercriminals compromising a series of these vulnerable internet-connected systems and devices using more conventional malware-based attacks, and combining them to form a pernicious web of accounts. While bots work together, botnets in fact often find themselves in battle with other malicious software – including other botnets – to hijack these devices, as they battle to displace existing malware to install their own.

    These botnets can be used to coordinate a vast number of cyber-attacks beyond malware spreading, including DDoS, credential stuffing, phishing or SPAM flood attacks. Their success rate is increasing too, as the nature of the internet today means servers are scanned and probed by attackers for vulnerabilities almost instantly after they’re spun up. They rarely leave any stone unturned.

    Such attacks have a particular preference for exploiting IoT devices because they’re an easy target; most users fail to take due to care in terms of configuring their devices when they install them. And the same unfortunately goes for vendors and ISPs, who often fail to issue regular updates to these devices, leaving them even more vulnerable.

    At this kind of scale and with these tactics, bots represent an undeniable threat to corporate security as more and more employees use their work devices to access their personal social media accounts. To mitigate the risk, employees need the tools and knowledge to avoid falling victim to an attack, whether using the network for personal or professional use.

    Don’t recruit a bot into your ranks

    As it stands, businesses don’t take enough care to ensure their employees are as safe as they could be from botnets. As a result, while recruitment is a pressing issue for many organisations right now, too many are unwittingly inviting threat actors into their fold.

    The best methods of protection are tried and tested, yet still so few businesses take note. On an IT level for example, a proactive security stance should be non-negotiable. Installing anti-malware software and scanning all company devices and systems – as well as any personal devices employees might use for work – for potential software vulnerabilities is essential; every device must be kept up to date or risks being rendered useless. Organisations should also minimise their attack surface as much as possible by ensuring that only required services are made available on the internet, and only to their intended audiences.

    Beyond that, airtight training that addresses all potential causes for human error is crucial. Whether that’s avoiding unknown or suspicious links, using up to date internet browsers, or enforcing password managers as well as multi-factor authentication. Incentivising staff to report potential botnet activity too, whether on social media or elsewhere, is an absolute must.

    But even with these solutions and training programmes in place, human error is aptly named and unfortunately is impossible to eliminate, so every business risks having devices compromised. To mitigate the risk of attack further, companies should consider using the honeypot tactic, which is a great way of sniffing out potential malware inflicted by botnets. This involves using a device or system as bait for cyber attackers, either to distract them from other targets or find out more information about the way they operate.

    Protecting businesses from bots

    So, while somewhat harmless social media bots are out there, it’s the bad software bots and botnets we should focus our thoughts and mitigation efforts on.

    Businesses shouldn’t make light of the issue. The solutions discussed here are a key part of any robust security strategy. Unfortunately, they remain undervalued tactics for mitigating cyber risks, but could be the one thing protecting your business from attack.

    Frequently Asked Questions about Danger, bots at work: the risk of botnets for businesses

    1What is a botnet?

    A botnet is a network of compromised computers or devices controlled by cybercriminals to perform malicious tasks, such as launching attacks or distributing malware.

    2What is cybersecurity?

    Cybersecurity refers to the practices and technologies designed to protect computers, networks, and data from unauthorized access, attacks, or damage.

    3What is malware?

    Malware is malicious software designed to harm, exploit, or otherwise compromise a computer system, including viruses, worms, and trojans.

    4What is phishing?

    Phishing is a cyber attack that involves tricking individuals into providing sensitive information, such as usernames and passwords, often through deceptive emails or websites.

    5What is multi-factor authentication?

    Multi-factor authentication is a security process that requires users to provide two or more verification factors to gain access to a system, enhancing security.

    More from Business

    Explore more articles in the Business category

    Image for Submit Your Entry for Years of Excellence Awards 2026
    Submit Your Entry for Years of Excellence Awards 2026
    Image for Nominations Open for Travel & Hospitality Awards 2026
    Nominations Open for Travel & Hospitality Awards 2026
    Image for Submit Your Entry Today for Telecom Awards 2026
    Submit Your Entry Today for Telecom Awards 2026
    Image for Submit Your Entries for The Next 100 Global Awards 2026
    Submit Your Entries for the Next 100 Global Awards 2026
    Image for Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Submit Your Entry: Public Sector & Governance Excellence Awards 2026
    Image for Nominations Invited for Real Estate Development Awards 2026
    Nominations Invited for Real Estate Development Awards 2026
    Image for Submit Your Entry: Process & Product Awards 2026
    Submit Your Entry: Process & Product Awards 2026
    Image for Call for Entries: HR & Recruitment Awards 2026
    Call for Entries: HR & Recruitment Awards 2026
    Image for Submit Your Nominations Today for Education & Training Awards 2026
    Submit Your Nominations Today for Education & Training Awards 2026
    Image for Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Join the Corporate Governance Awards 2026: Showcase Your Organisation’s Leadership
    Image for Submit Your Entry Today for Business Awards 2026
    Submit Your Entry Today for Business Awards 2026
    Image for Decentralized Masters’ ‘family culture’ building trust instead of hierarchy
    Decentralized Masters’ ‘family Culture’ Building Trust Instead of Hierarchy
    View All Business Posts
    Previous Business PostDomenico Lup Appointed CEO of Allianz Trade in ASEAN
    Next Business PostAcquirers Need to Meet the Fast-Changing Needs of Merchants