- Jun 9, 2013
- 6,720
While 2015 is drawing to a close, the security fraud community is preparing for more battles ahead in 2016. And next year, consumer-facing web and mobile apps are up against a much more sophisticated and prolific enemy as bad actors continue to evade traditional security defenses, leverage the latest mobile hacker tools to impersonate legitimate users and take control of consumer accounts en masse.
To prepare users for the year head, researchers at Visor released their top 5 online fraud predictions for 2016.
Prediction #1: Social sites become bigger targets as lines between social and e-commerce blur
In 2015, many traditional social networking sites such as Pinterest, Facebook and Twitter announced plans to add “Buy” buttons to their platforms in an effort to increase stickiness with their users and help monetize their user base. Adding e-commerce functionality is a continuing social media trend. However, this will attract more fraudsters looking to conduct fraudulent transactions on these platforms.
In 2016, we expect to see a spike in the overall amount of commerce online for social sites, making it easier for malicious campaigns to hide amongst the billions of legitimate social users. If you have a social property with e-commerce features, you should consider adding security that has the ability to detect both social fraud (fake likes & reviews, spam) and financial fraud (fraudulent transactions, identity theft and promotion abuse).
Full article. How online fraud will evolve in 2016
To prepare users for the year head, researchers at Visor released their top 5 online fraud predictions for 2016.
Prediction #1: Social sites become bigger targets as lines between social and e-commerce blur
In 2015, many traditional social networking sites such as Pinterest, Facebook and Twitter announced plans to add “Buy” buttons to their platforms in an effort to increase stickiness with their users and help monetize their user base. Adding e-commerce functionality is a continuing social media trend. However, this will attract more fraudsters looking to conduct fraudulent transactions on these platforms.
In 2016, we expect to see a spike in the overall amount of commerce online for social sites, making it easier for malicious campaigns to hide amongst the billions of legitimate social users. If you have a social property with e-commerce features, you should consider adding security that has the ability to detect both social fraud (fake likes & reviews, spam) and financial fraud (fraudulent transactions, identity theft and promotion abuse).
Full article. How online fraud will evolve in 2016
