As the internet grows older, so do all the great features useful to everyone, but sadly this includes scammers. Their seemingly unstoppable movement and fraudulent activities are a nuisance to everyone on the internet. iGaming is a field in which they have made countless efforts to tarnish the reputation of platforms and rob their users and them.
One way they do this is by targeting the most popular casinos featuring lots of casino table games recommended by experts. This method ensures they reach a massive market and make out the biggest payouts. To prevent these scams and many more, the biggest countermeasure is being aware and actively countering them.
What is online iGaming Fraud?
Online iGaming frauds see cybercriminals who look to abuse, rob, or defraud these operators and their users. These scams take a plethora of forms, ranging from multi-accounting to abuse of bonuses and games, affiliate fraud, and even money laundering. These scams have led to consumers losing up to 5.8 billion U.S. dollars, increasing yearly.
iGaming fraud refers to any unlawful or detrimental practice or scheme carried out by fraudsters in order to extract funds and other benefits from an iGaming company. But there are also smaller-scale schemes that prominently feature account stealing, stolen credit cards, chargebacks, and phone top-up abuse, to name a few. These attacks are targeted at a specific user rather than the whole iGaming company.
Sadly, the online iGaming industry attracts…
