With the end of the year approaching rapidly and 2016 right around the corner, it’s important to understand what cyber threats are upon us.

DataVisor is set to release its’ Top 5 online fraud predictions for 2016 report Monday November 23, but have given the public a sneak peek at what to expect in the full report.

Escalating Threats from Social Sites

DataVisor believes that as the lines between social and e-commerce blur, social sites like Pinterest, Facebook & Twitter will become bigger targets for thieves. With these sites implementing additions like the ‘Buy’ button, they’ll become more attractive targets for fraudsters looking to conduct fraudulent transactions.

EMV Cards & Digital Wallet Fraud

With the newly adopted EMV cards & digital wallet solutions like Google Wallet and Apple Pay, increased fraud is expected to be on the rise online, also known as, credit-not-present fraud.

Global Online-to-Offline Services User Acquisition Fraud

 Global online-to-offline service providers are expected to see a spike in user-acquisition promotion fraud. For example, in an effort to gain market share, Ubers invested more than $2 billion for expansion in China & India. Now while this money is generally allocated for promotional purposes to attract users and drivers, reports have shown a massive increase in user acquisition fraud. Typically, these fraudsters will pose as drivers and end up making hundreds of dollars a month in subsidies by registering numerous driver accounts and conducting fake rides.

Account Takeovers Due to Ongoing Data Breaches

Traditional threats are also expected to linger, with account takeovers projected to increase due in part to the continued massive data breaches. From your insurance provider to your favorite restaurant or even your government, your data has probably been compromised at some point as a consequence of one or multiple of these notorious data breaches.

Cyber Attacks Expected to Move to the Cloud

Cloud service providers like Microsoft Azure and Google Cloud have already become victims of these attacks as fraudsters register an immense number of free, trial accounts and use their computation infrastructure to conduct cyber-attacks. According to DataVisor, “Cloud allows cyber-attackers to significantly increase the number of attack campaigns they can conduct, attributed to the elasticity and compute capacity of these services, and allows them to easily hide behind legitimate network sources and thus remain anonymous.”

With NNT's Change Tracker Gen7, your organization will come equipped with intelligent file integrity monitoring, compliance management, system hardening, threat intelligence & security configuration management all powered by Intelligent Closed-Loop Intelligent Change Control, all working to make your IT estate as secure and compliant as possible. 


Learn about NNT’s Change Tracker Gen7

Read the article on Info-Security Magazine





Share this blog post

USA Offices
New Net Technologies Ltd
9128 Strada Place
Naples, Florida, 34108
201 17th Street, Suite 300
Atlanta, Georgia, 30363.

Tel: 1-888-898-0674
NNT Logo
UK Office
New Net Technologies Ltd
Spectrum House, Dunstable Road
St Albans


Tel: 08456 585 005
Fax: 08456 122 031
Connect with NNT
Google+ Linkedin Twitter - Change Tracker Facebook rss feed YouTube
Sign up to NNT's IT security and compliance monthly newsletter. Get breaking security news, how-to tips, trends and commentary direct to your inbox.