Company
Date Published
Author
Savannah Copland
Word count
1978
Language
English
Hacker News points
None

Summary

In 2020, the surge in online gambling due to pandemic lockdowns led to increased cybercrime, prompting gambling sites to bolster fraud prevention measures. Online gambling fraud involves rogue actors exploiting these platforms, with techniques such as multiple account fraud, bonus abuse, and chargeback fraud posing significant threats. The popularity of gambling sites makes them attractive targets due to the potential for high returns, despite the general low success rate of fraud attempts. As customers prefer secure platforms, businesses face the dual challenge of financial loss from fraud and reputation damage. Effective fraud prevention strategies include verifying customer identities, implementing strong authentication measures, and using advanced tools like browser fingerprinting and machine learning to detect suspicious behavior, which are essential in maintaining trust and security.