The world is moving on from gst (pronounced G-st), the widely used billing system, which has been the subject of a growing number of privacy concerns, from the possibility of online fraud to the way it can create unnecessary barriers to entry for companies.
A new report from security company ThreatConnect found that more than half of companies have experienced a fraud or a suspicious activity since the system was introduced in 2013.
But as more and more companies implement gst-compliant systems, there’s a growing problem of online abuse and the use of “pay-to-play” methods to funnel fraudulent payments to companies.
This week, ThreatConnect released a report which looks at the most recent data on the use and abuse of gs.
Its goal is to help companies to better protect themselves from online abuse.
Its findings include: a) The biggest threat is online fraud, with more than 40% of the reported online fraud cases involving gs users; b) More than 70% of gsc users have experienced abuse or fraud within the past six months, and more than a quarter of all incidents were perpetrated by a single user; c) Most gs-complient companies have faced the issue of fraud before, with about half reporting incidents to their regulators or regulators of the gsc, gsc admin and gs administrators; and d) Of the approximately 3,000 companies ThreatConnect analysed, over 90% were still reporting abuse and fraud on gs at some point in the future.
The report highlights some of the issues that companies have to be wary of when using gs: the ease of accessing accounts; the risk of users accessing other gs accounts; and the potential for abuse or misappropriation of accounts, including fraud.
But the report also points out that the majority of these companies are still on the “do not ask” list of the Financial Services Commission (FSC), and that a major issue in the industry is that some companies, such as Google, are simply not looking at the abuse they’re doing and may be failing to implement the best protection practices to protect their users.
“The number one threat in the gst space right now is online harassment, and it is growing, so we think there are many more cases of this happening to gs and gsc,” said David Deibert, a senior security researcher at ThreatConnect and a member of the Security Alliance’s security advisory team.
“There is a huge amount of potential for a lot of fraud happening and for the victims not being aware of it, but that can also be very difficult to prevent.”
What’s behind the rising interest in gs?
ThreatConnect has identified a number of reasons for the increased interest in the system: 1.
Companies are looking to protect users and avoid the risks associated with using the system, such a lack of authentication or identity management, the inability to verify the identities of users or the lack of the ability to identify fraudulent activity, or for account owners to report fraudulent activity.
More companies are choosing to integrate gs with other payment services.
Some companies have adopted new policies that allow for the payment of “gift cards” or “gastro gift cards” for businesses to allow for a much wider range of transactions.
Some have made changes to their websites to make it easier for gsc administrators to log in. 5.
Companies that are currently using gst have started to integrate their accounts with gs as a way to help users manage their accounts and improve their privacy.
A lot of businesses are making use of gsd to manage their online presence.
The system has come under increased scrutiny due to its security implications, but there’s still a lot companies can do to help ensure that the system is secure.
For example, there are still some major companies that are using gsd for email and other online functionality and are only looking at it as a payment solution, which means they’re not looking to secure their systems.
“I think a lot more companies are trying to make sure their online identity and security is maintained and is being properly secured,” Deiberts said.
“That means making sure they have good, trusted providers to ensure the identity and access to their accounts is secure.”
ThreatConnect said the report has been commissioned to give companies more tools to track and monitor their online abuse, including through data mining techniques and using social media to track incidents of fraud.
“We are really excited to be able to track our abuse on gsts and get a better picture of what’s happening,” said Deibertz.
It will be a lot easier for companies to monitor their accounts, but also a lot less time for companies that have issues with gsts to make a concerted effort to