![]() ![]() The player then decides to call the bank and file a chargeback, claiming that the charges were unauthorized. Picture this: a user decides to play for a few minutes, but before they realize it, they’ve managed to spend far more money than they intended. ![]() ![]() Not all perpetrators are committed cybercriminals, though. No system is perfect, and the online gaming industry faces many unique challenges combining risk management with profit scaling. Given the high-risk nature of the industry, fraudsters are constantly on the lookout for loopholes in existing anti-fraud systems of which they can take advantage. As a result, the industry naturally attracts the attention of many bad actors. There's also the added complication of accessibility it’s a lot easier to attack an online outlet than to try robbing a brick-and-mortar casino. This owes, in part, to traditional ties to offline betting, which is only intermittently legal (depending on jurisdiction). Unfortunately, online gaming attracts a good deal of fraud. For now, though, we have to raise a key question: why does online betting fraud happen? Why is Online Gaming So Risky? We’ll talk about the most popular scams cybercriminals employ further down. Online gaming fraud tends to slip under the radar whenever you fail to detect a fraudulent user or counterfeit account. ![]()
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