Let’s take a quick look at how the circumstances stretched out as the months rolled by sooner than we head into 2017’s forecast, with some of the nasty trends on the horizon.
It’s important to point out the Top Online Frauds in 2016. This isn’t a statistical chart, but it’s based on our comprehensive monitoring of scam-related reports from security organizations, giving us a general picture of the online fraud scene.
Phishing and identity theft
No bombshell here. This crime has topped the list every year and with more data breaches than ever, it’s probable that 2016 was a record year for identity theft. The research shows that the underworld selling price for personage credit card details has fallen to approximately 15 cents a pop from a couple of dollars previously. This black market is drenched with stolen information.
Lottery and sweepstakes scams
This crime goes on unabated, in spite of a couple of cases where architects of phony lotteries have been brought to righteousness. Predominantly, it targets seniors and most of the scams initiate in Canada or the Caribbean.
Two big trends have kept this high in 2016 is the growth in ransomware that locks up Computers until the ‘money’ is paid, and a blast in viruses and spyware on Android smartphones.
Bogus online sites and telesales
High levels of exposure for the crackdown on automated robocalls have had some achievement, and the crooks have stopped making the calls but more for the reason that consumers are alert that they’re scams. Similarly, Internet browsers are also getting fairly smarter at spotting phony or risky websites and then warning users.
Advance fee scams
Minute change in the occurrence of this trick that usually involves sufferers receiving dud checks for supposed services and then being asked to wire back some of the payment ahead of it’s discovered that the check is counterfeit.
The interest rate scams rose in 2016, thereby making fake high-return schemes more popular. The frequency of these scams pushed up the charts but also the scale of them, often involving well-known celebrities.
Most of these tricks give the impression of targeting small businesses, with offers of loan restructuring and cut-price loans. There’s also been a sound flow of counterfeit offers of loans and grants, mostly aimed at students.
Healthcare and Affordable Care Act scams
The prologue of the so-called Obamacare legislation sparked a sudden increase of false health insurance offers, and this was dramatic as anticipated.