Bots have been around for a long time, however we have only recently begun thinking of them as bots. So, to better understand the future of bots, AI, machine learning, etc., we must understand the evolution of bots as we know them.

Think your user data is safe? It’s not. Not by a long shot. Account takeovers and data breaches are simply facts of life in our e-commerce-driven 21st-century economy. Account takeover (ATO) is a fast-growing problem for businesses, driven largely by an increase in massive data breaches and phishing schemes. The damage done by these attacks is extensive so businesses must take more precautions to protect their assets.

The financial consequences of malicious hackers and bots cannot be overstated. Businesses, even huge retailers with solid infrastructure, have been crippled by little more than a guy and a laptop. How might these hackers target your business? Read more to understand the seven common ways that bots attack e-commerce sites.