Attackers are leveraging AI to automate large-scale sign-up fraud and create convincing phishing sites, bypassing improved MFA defenses. In 2024, 46% of all registration attempts on one platform were flagged as fraudulent, with some retail attacks seeing fake sign-ups outnumber legitimate ones by 120:1. Security teams are urged to implement adaptive bot detection, intelligent CAPTCHAs, and move toward passkey-based authentication to mitigate these threats.
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