More About Scalping Bots

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Thanks to Netacea for providing more information about Scalping Bots. This is a two part series.
Netacea provides website, mobile app, and API protection from threats posed by bots including scrapers, scalpers, carding, credential stuffing and other automated attacks. https://www.netacea.com/
This is a response to an article that was posted by CyberWyoming with information from Scambusters.org.


From a previous post by CyberWyoming about scalping bots:

Scalping bots are programs driven by artificial intelligence designed to quickly purchase newly released electronics and limited-edition products, then turn around and sell them for much higher prices (scalp). Think of ticket scalpers at a sporting event, but now make it automated and for all products, not just ticket events.


From Netacea:

Scalping bots are very dangerous because they not only cause people to overpay for items, but also takes away the opportunity for other buyers who would otherwise have access to that item at a fair price.

It’s important to think about scalping bots in terms of economic fairness. A person shouldn’t be able to buy out a limited stock item, then turn around and sell it at prices much higher than what was originally offered – this practice could lead someone else from being able to purchase the desired product or service.

Today, many people buy tickets on the secondary market for concerts and sporting events. Scalping is a huge industry, with some estimates suggesting that scalpers may control as much as 80% of the secondary ticket market. It’s generating billions in profit annually.

Ticket scalping has been a problem for event organizers and performers ever since tickets were first used to sell entertainment. In recent years, the practice of ticket scalping has become even more widespread with some people buying up hundreds or thousands of tickets in order to resell them at a higher price.Ticket scalping is illegal in many countries, but it’s still a major issue that affects not only consumers, but also performers who are unable to make money from their work because they can’t get their hands on enough tickets.

Check back for part 2.

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