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Fraud in the online gambling sector continues to evolve, creating new challenges for operators. In 2024, there was a 15% increase in fraud cases compared to the previous year, underscoring the need for new strategies to combat this growing threat. Let’s explore the main types of fraud and the measures operators can take to prevent them.

Identity Document Forgery

Fraudsters often use fake documents to register on gambling platforms, gaining unauthorized access to accounts and engaging in illegal activities. Reports indicate that cases of document forgery increased by 20% compared to the previous year. This poses significant risks for operators, who must actively address these breaches to protect their users and platforms.

Payment Fraud

The use of stolen or fake credit cards to fund accounts results in substantial financial losses for operators. In 2024, payment fraud cases rose by 64% compared to 2022. These incidents not only cause monetary damage but also erode user trust in online gambling platforms.

Money Laundering

Online gambling platforms are frequently exploited for money laundering, making it the second most common type of fraud in 2023. This issue adds layers of complexity for operators, who must implement stricter transaction monitoring and controls to mitigate these risks.

Technological Solutions for Combating Fraud

To effectively combat fraud, operators are encouraged to adopt modern technologies. Artificial intelligence (AI) and machine learning (ML) are particularly valuable tools for automatically verifying document authenticity and identifying suspicious transactions.

The integration of biometric data, such as fingerprints, facial recognition, or iris scans, also significantly improves account security. In the first quarter of 2024, attempts to bypass biometric verification systems increased, rising from less than 0.5% two years ago to 1.1% today. Biometric authentication not only provides a high level of security but also enhances user convenience by eliminating the need for physical documents or complex passwords.

Investing in Security

Companies that invest in robust security systems and comprehensive staff training can greatly reduce fraud risks and enhance the safety of their clients. By implementing cutting-edge technologies and strategies, operators can effectively counter threats and protect their platforms and users.

Addressing fraud in the iGaming sector requires a comprehensive approach, continuous technological updates, and proactive protection measures. Operators that follow these recommendations will minimize risks and create a safe, trustworthy gaming environment for their users.