Most people are being hit with a lot of spam these days. Some things you can do to reduce this are :
it's very simple
1. AdminCP > vBulletin Options >> Human Verification Options ->
Enable reCAPTCHA™
you will get your recaptcha key here ->
http://www.google.com/recaptcha
2. Admin CP -> vBulletin Options -> User Registration Options ->
Enable Coppa
3. AdminCP -> Plugin & Products ->
Install VSa - Advanced Registration
you can download from here ->
https://vborg.vbsupport.ru/showthread.php?t=236117
Product Options : Enable Whole Product ->
Yes
Random Questions :
Yes
User must answer random question during registration? [Setup] Click on setup link and set your question and answer ..
That's it .. Bots cannot register on your forum .. you don't need to moderate new members
This work for me -> http://theforum.co