Subscribe. Resources. Ideally, your fraud prevention solution should be able to deliver the following tools: Monitor the Traffic. Age restrictions vary from country to country, but they generally range between 18 and 21 years old not only in the EU, but globally. 4Stop. It refers to points along the base of the standardized normal curve. Payment fraud is a major concern for iGaming businesses, as it can result in significant financial losses and damage to the company's reputation. CareerFinders, on behalf of our client, an expanding provider of Financial Technology solutions and services to the iGaming industry, we are seeking to recruit a Fraud Specialist to join their growing team based in Limassol. Luckily, regulations have been put in place in several countries to ensure user accounts benefit from increased protection. And the numbers are staggering, even when the dump only looked at a fraction of the operations: 60,000 sessions played. What is Promo Abuse Fraud? Promo abuse fraud, also called bonus abuse fraud, happens when online scammers create multiple accounts to claim promotions run by online gambling or iGaming operators. You can then implement the rules to block or allow certain user actions, such as suspicious logins, identity theft, or fraudulent transactions. It is also known as structuring. Accertify, an American Express company, is a leading fraud prevention solution provider, offering end-to-end fraud solutions,. lack of data and frequency), and getting to work on the projects with the appropriate IT team to resolve the pain point. ClickGUARD: Protecting PPC Google Ads Campaigns. Telecommunications: 8. First things first. TransUnion, a global information and insights company, on Tuesday released its 2022 Global Digital Fraud Trends Report, which found that the gaming industry saw the largest percentage of annual fraud growth in 2021 i n the United States, with an increase of 60. We have collected five crucial scam elements that fraud managers should be aware of. enabling licensees to instantly identify and reduce igaming fraud. Igaming includes sports betting, online casinos, online poker, esports betting, horse racing wagering and ilottery. Each risk rule adds or subtracts points from the fraud score. Beyond iGaming, GeoComply provides geolocation fraud detection solutions for streaming video broadcasters and the online banking, payments and cryptocurrency industries, building an impressive list of customers, including Akamai, Amazon Prime Video, BBC, BetMGM, DraftKings, FanDuel, and Sightline. Fraud detection. It's time to prioritize user-friendly & seamless player location checks to reduce fraud, boost user engagement, and generate more revenue while remaining compliant with legal and regulatory requirements. European and US Strategy Regarding iGaming Fraud. iGaming affiliate fraud can have a number of negative consequences for operators, with one of the most obvious ones being a worse-performing promotional campaign for the same cost. How to Detect Identity Theft in iGaming. As a fully-fledged fraud detection and customer intelligence solution, SEON protects iGaming leaders against bonus abuse, multi-accounting, identity fraud, and, of course, chargeback fraud. Open main menu. Merchants can minimize fraud by coming up with a prevention strategy and using effective anti-fraud tools to support their efforts. Forecasted to explode from $73. Firstly, we present a literature review of similar fraud detection solutions both in the iGaming industry and other fields in Section 2. Accertify is seeing strong growth providing iGaming fraud protection to the rapidly expanding U. 1. The most important component of any iGaming business is to have fast and safe payment transactions. By Industries. A special consideration today is to include a fraud procedure that will appropriately flag fraud while protecting important consumer information that could be sensitive. Detect and prevent fraud in your online business. 1. TransUnion, a global information and insights company, on Tuesday released its 2022 Global Digital Fraud Trends Report, which found that the gaming industry saw the largest percentage of annual fraud growth in 2021 i n the United States, with an increase of 60. Unfortunately, gambling operators and online casinos face a difficult task when it comes to controlling and preventing fraud. Available 12/4:…Payment fraud prevention. casino and igaming industries. FINTRAC is Canada's financial intelligence unit, responsible for facilitating the detection and prevention of money. Automated iGaming fraud detection tools (such as the aforementioned Anti Fraud Logic) can be used to detect any suspicious activity or anomalous patterns in real time. Featured. in the fight against cybercrime. Step 3: Predictive Modelling. Trackier’s in-house fraud prevention tool allows businesses to get an overview of their affiliates and the various affiliate marketing mechanisms in place for a Gambling platform or iGaming casino. On January 2, Frank on Fraud’s Frank McKenna – an undeniable authority on the industry – released his annual fraud predictions. The negative effects of iGaming affiliate fraud. We excluded those players which were not labelled as fraudsters and had no. Our tool leverages machine learning algorithms and advancements in the field of eXplainable AI to derive smarter. They are best remembered for their device recognition technology, which is used by iGaming companies to verify users and is essentially the defacto fraud detection software. 6% in iGaming and 29. We also discuss a pipeline which can predict iGaming fraud with a precision of 84. by Lea Hogg 3 October 2022. The first four principles must be constantly monitored and reported on. Incognia is a location identity for mobile that uses network signals, including Wi-Fi and Bluetooth, and motion sensors to provide highly accurate location behavior intelligence that is extremely difficult to spoof. The main advantage of using analytics over just looking at single incidents is that any insights gained during the analytical process can be used to scour through the system and uncover potentially. What Is Loan Fraud? Loan fraud or lending fraud encompasses any kind of deceitful action designed to gain a financial advantage during the loan process. Quickly deploy KYC and personalized identity verification solutions based on risk-based decisioning, triggers, and thresholds throughout every journey. iGaming fraud includes any kind of fraudulent attack against iGaming operators, online casinos, and online betting shops. The company’s extensive catalog of over 6000 aggregated casino games, combined with its sports wagering, lottery, and fantasy sports products will greatly enhance the gambling businesses of the firm’s clients. The most common scheme is to buy an item of clothing, use it, and then return it, a process known as wardrobing. A Merchant's Guide to Online Fraud Detection. iGaming Fraud Detection & Prevention. New security systems such as 2-factor authentication adds a level of protection, but online identity fraud in iGaming has risen by over 40%, and detection rates have dropped by nearly 60%. iGaming platforms that experience high fraud levels and numerous chargeback disputes earn unreliable reputations with banks and processors. To complete the unique authentication challenges of Arkose Matchkey at scale, fraudsters must invest significantly more time and resources as they are. Bank website / phone number: Contact. Mitigating fraud in iGaming with more sophisticated AI technology. Sift: Popular US Vendor with. EFM software is used to support the detection, analytics, and management of fraud. Social media lookup: We can see if the cardholder’s details match those of the online social profile. It is essentially people taking advantage of marketing offers for. With an extensive range of casino games and online sports betting, their success allowed them to expand worldwide. Data mining is an emerging area that companies can exploit to detect and prevent fraud. Key AML and anti-fraud software features include: full compliance with legal. Read more in our detailed guide. Data enrichment as extra: You’ll need to purchase extra LexisNexis products, such as Emailage, to aggregate external user data. Know more. JPMorgan Chase & Co. unauthorised modification of computer material. The rule will be put in place to let you review, decline, or approve a user action. Gujja Shiva Krishna. Embrace more accurate geolocation tech that's tough on tampering, unlike what's already out there. The reason this industry is so appealing to fraudsters is because it promises high rewards. 9. 6. The co-founder of this B2B2C tech company, Gia Janashvili, has multiple times proposed different strategies on how iGaming operators can detect and prevent fraud attacks. . Despite previous cheating issues in iGaming, it is easier to detect nefarious game security and financial fraud activities than in similar gaming at the brick and mortar level. The cost of fraud is estimated to be $3 trillion, or about 5% of global GDP. The iGaming world is unique, requiring specific tools to investigate its fraudulent schemes, including poker chip dumping, collusive play, bots, and multi-accounting users. Fraud Trends for iGaming and Online Sports Betting in 2023. According to Kamil, it takes an inquisitive, detail-orientated person to make a great fraud analyst, and the theory can only get you so far. Even for iGaming operators that are stacking their decks with best-in-class risk management solutions, fraudsters still find a seat at the table. Crypto & Trading. 3% year-over-year. Kount: Focus on Ecommerce and Chargeback Prevention. The unfortunate fact is that, in terms of fraud, this industry is one of the riskiest. With seasonal spikes in transaction volumes around major sporting events, constantly evolving regulations, and the challenges of. The Starlink bug that locked some users out of their accounts last week was caused by overzealous fraud detection that falsely flagged legitimate accounts as. Moreover, device fingerprinting will generate and use browser hashes, device hashes. Stop fraud before it happens with unbeatable speed, scale, depth, and breadth. PinPoint Custom, on-property geofencing; GeoGuard Award-winning VPN and proxy detection; GeoComply Chargeback Integrator (GCI) Fight and win chargeback. We also discuss a pipeline which can predict iGaming fraud with a precision of 84. The iGaming business welcomes the usage of artificial intelligence to better serve customers and boost profits. This results in penalties, fees, or outright denial of services. 6% in iGaming and 29. The General Data Protection Regulation (GDPR) is a law and data protection regulation designed for individuals within the European Union. Radware Bot Manager: Protect from All Automated Threats. It is one of the most persistent frauds plaguing the telecom industry which causes losses running into. We also present a strategy to detect and combat concept-drift, which refers to a changing. 🛫 to SBC Summit North America 2023 and excited to learn from the smartest in iGaming!. There will also be an introduction to chargebacks, the management of RFI’s, the detection and prevention of Bonus abuse, and identification of specific fraudulent activity for Casino, Sportsbook or Poker verticals. Online Gambling and iGaming. with the iGaming sector seeing a jump of as much as 25. Accertify’s iGaming fraud prevention solutions address today’s threats and are agile enough to detect what comes tomorrow. A fraud rule needs data to be activated. Step 2: Data Preparation and Analysis. Tamper-resistant geolocation compliance checks & account security . Many iGaming operators use special promotions or bonuses to attract new customers, but these promotions can be vulnerable to abuse and fraud due to their high potential for monetization. Authenticate with Location Identity. The negative effects of iGaming affiliate fraud. Data mining involves the targeted analysis of the entire population of data to identify trends. , 2021; Li et al. Lim observes: “Each game that we see. Fraud Detection API | Fraud Detection with Machine Learning & AI. CThey employ advanced fraud detection systems that utilize machine learning algorithms and behavioral analysis to identify and mitigate suspicious transactions. TransUnion global report. It involves the analysis of various conditions that highlight the fraud enablers, breaches of internal controls, and. 1% in the first quarter of 2022. Email risk detection with bot mitigation. Account Security. iGaming fraud is any type of fraudulent activity targeted at iGaming operators and players, online casinos, and online betting shops. Let's level up the #iGaming industry. declined onboarded users per individual affiliate. 2012 1 Fraud Management for gaming OperatorsThe fraud analyst role also entails ensuring the quality, accuracy, and completeness of available data and alerting process; identifying data pain points (e. Request a Consultation. Fraud (including different types of check fraud) is a growing issue with far-reaching consequences for the banking industry, in terms of financial losses and loss of credibility. To. Similarly, SEON’s research shows “that fraud rates are lower across affiliate sign-ups, with fraudulent signups with affiliate IDs coming to 12. Arkose Labs Fraud and Abuse Prevention Platform analyzes data from user sessions to determine the context, behavior, and past reputation of every request. Techniques for Tracking Suspicious Activities Set Up Fraud Alerts. Use real-time digital, social, phone, email, IP, and device data to make better risk decisions. They pocket the insurance money, wipe the device, and sell it back. How to Detect Identity Theft in iGaming. How to Detect Smurfing in iGaming and eSports. You get detailed reporting and filtering, including by the percentage of. Admin. of fraud. Since all those games in the industry (poker, casino, bingo, sports betting etc) involve a monetary…The key is that fraud scoring should allow you to automatically approve, reject, or review certain actions. And so have the associated fraud risks. We offer you best-in-class solutions for your customer support and payment service needs in the iGaming Industry. With over 35 years of experience, Mitek is uniquely positioned to help you detect fraud faster, reduce manual processes, and ultimately provide your customers with secure banking experiences. AML/KYC Software & Tool Features to Look Out For. Precise location data can detect trusted users without friction and suspicious behavior to prevent new account fraud and account takeover. Here’s how your IP address geolocation service can evolve. 2% last year and is projected to equal $117 billion by 2025. Related Blog Post. This means the fraudster genuinely purchases the product or service, albeit with an ulterior motive. 2. Additionally, the current volatility in supply and demand for goods and services arising from the COVID-19 pandemic, constraints in. ID Risk Analytics Analyze data to detect, prevent, and mitigate fraud. Globally, the digital fraud rate grew 68. PDF | credit card fraud detection | Find. Offering a wide variety of iGaming solutions and content, WeAreGame is a leading B2B provider. Arkose Bot Manager Arkose Labs combines highly-transparent detection with targeted attack response to catch fraud early in the customer journey, without impacting good users. It's time to prioritize user-friendly & seamless player location checks to reduce fraud, boost user engagement, and generate more revenue while remaining compliant with legal and regulatory requirements. That includes identifying details such as an email address and phone number, but also credit card details, IP address, and whatever else you can gather about each user. Scammers can also use AI-assisted methods like deepfakes, presenting the biggest. Arkose Labs: 100% Guaranteed Bot Attack Detection. IP analysis: Beyond checking geolocation, you can also tell if your user is hiding their connection behind a VPN, proxy or emulator. iGaming has become hugely popular. Explore the benefits of using machine learning to protect customers, assets, and reputation in the iGaming. Although self-exclusion fraud detection is used by iGaming companies, Prof Dingli believes that this will create difficulty for the gaming operator to achieve compliance targets. SEON was the best candidate to help it realize its vision with minimum risk. Monitoring & reporting. Provide secure, seamless customer experiences. Ecommerce. Featured Podcasts Webinars Case Studies Guides Videos Dictionary Comparisons Events. Format: Interactive eLearning Duration. 3 types of iGaming fraud 1 Chargebacks As operators try to scale their businesses during the online sports betting boom, online gaming platforms have become an easy target for fraudsters. If you’d like to discuss the potential for using AI in your iGaming business email [email protected. He can be contacted on +44 (0)20 7893 3546 or by email: richard. Smurfing detection and prevention in online and competitive gaming focuses on strategies and tools against multi-accounting. It’s all powered by Atlas™, our award-winning AI. Detecting automated SMS toll fraud attacks. Artificial Intelligence could play a very important role in detecting and preventing online gaming scams and reducing the risk of getting indulge in any such action even in the future. A face’s texture, the density of elements, and the relationship between them, for instance, can all be used to help establish whether or not it is real. Fraud represents a growing threat for companies operating in the iGaming and online gambling space. Forecasted to explode from $73. Explore Kount ecommerce cheat prevention. 310 trillion in total. AML and KYC legislation applies to all. By Garrett Freehling In the world of iGaming, security is of utmost importance. It helps extract extra info such as a profile picture, full name, bio, etc…. High fraud levels and chargeback disputes impact the revenue and credibility of online gambling sites. This paper presents a real-time fully autonomous prescriptive solution for explainable cyber-fraud detection within the iGaming industry. The card level: corporate, platinum, etc. We look at how to prevent fraud attacks such as matched betting, arbitrage and advantage playing is leveraged by organized teams and how they automate processes to extract maximum gains from casinos. For instance, the data could be an IP address. Here is an example of IP fraud scoring: An IP address points. By gaining unauthorized access to user accounts, they can manipulate gameplay, siphon funds, or engage in activities that compromise the integrity of the iGaming platform. As per digital fraud analysis by TransUnion, online betting identity fraud increased by 50. We also discuss a pipeline which can predict iGaming fraud with a precision of 84. Unusual behavior can be detected that could indicate fraud, corruption, or other organized criminal activity. Fight fraud, navigate compliance, increase customer acquisition and lower costs while creating custom digital identity verification workflows. Advances in technologies are making online gambling more accessible and easier to play. Relatively difficult for some merchants to detect, unmitigated card testing attacks can be very expensive – increasing transaction costs, reducing valid authorization performance and potentially exposing merchants to additional fraud. Protect your games, your players, and your business. Unfortunately, bad agents also love how easy it is to use gift cards for fraud, scams, and other nefarious deeds. 3 Ways to Detect Affiliate Fraud. Create tailored onboarding workflows in hours, lower operational costs, protect against fraud, and reduce customer onboarding friction by combining. The old continent has become a significant hub for gambling brands that know various methods of managing risks. make sure your technology can detect liveness. White pointed out that while credit card fraud remains the most reported type of fraud within the sector, any available gambling payment method could be a target of crime. 6% of all reviews on Tripadvisor were fraudulent. The Many Faces of AI Machine learning (ML) is a subset of AI. Neural networks in Deep Learning uses different layers for computation. Key to detection and prevention of fraud is to understand its nature. Cover all your bases: minimize account takeover fraud, prevent chargebacks, and reduce transaction fraud. Verify location accuracy. Founded by a group of iGaming experts with 30 years of experience in the gambling and entertainment. With iGaming revenues in the billions, it has become a prime target for fraud. Agolapu Dileep. ThreatMetrix Cons. Digital footprint analysis: Relying on alternative. Chargeback abuse, CNP fraud, player collusion, and bonus abuse are some of the most common types of fraud affecting online gambling. Identity verification. Automation makes it easier for criminals to exploit users’ accounts while remaining undetected themselves, increasing the risk of fraud. - Advertisement - Analyzing numerous campaigns of four large gambling companies with numerous GEOs around the globe, we stumbled upon various fraud schemes and. Tamas Kadar, co-founder and CEO of SEON, a company that provides. You can prove friendly fraud to the bank or any other stakeholder by demonstrating that you have used best safety practices throughout the ordering, payment and fulfillment process. . According to Nilson Report from 2016, $21,84 billion was lost in the US due to all sorts of credit card fraud. This results in penalties, fees, or outright denial of services. According to PwC’s Global Economic Crime and Fraud Survey 2020, respondents reported losses of a whopping $42 billion over the past 24 months. 2%, evaluated on a real-life dataset. Supply chains are inherently vulnerable to fraud due to: their global reach. In the six months since ChatGPT launched in November 2022, nearly half of consumers admitted to finding it more difficult to identify scams. Z‐values to the right of 0 are positive and Z. 3. So, from business and compliance perspectives, there's value in a united database that provides a holistic view of a customer's relationship with the bank and any concerns. Although credit card frauds occur extremely infrequently. We’ve been honored by G2, a customer review platform, as the number one bot management firm and consecutively ranked as a leader in enterprise fraud. Our tool leverages machine learning algorithms and advancements in the. This course will provide students with an overview of fraud in general; take an in-depth look at fraud within the iGaming industry as well as the various methodologies that can be implemented in the management of. Mitigating fraud at any stage of the player funnel can be a huge operational expense. g. Ask an Expert. Global online gambling is a multi-billion dollar market. 6% in iGaming and 29. You can use the data to calculate an IP fraud score, but is particularly helpful when it comes to reviewing signups originating from high-risk countries. Over the past few years, the Sports Betting and iGaming industries have seen an increase of player activity and are anticipated to be valued at more than $92. Artificial Intelligence builds a profile of the end user tracing the player’s actions even when alternate accounts are used. 2. Globally, the digital fraud rate grew 68. 24% without. Solventa Fintech has seen a 25% drop in fraudulent transactions and a 15% increase in its fraud detection. Role of AI in Online Fraud Detection. Operators must ensure that adequate safety protocols, programs, and systems are in place to both prevent and detect any breaches or hacks from third parties. It uses cognitive computing that helps in building machines capable of using self-learning algorithms that involve the use of data. 3 Examples of Multi Accounting Fraud. 2% AUC rate. With AI’s ability to analyse vast volumes of data, fraud detection systems are a present reality. Learn about fraud prevention, detection and management strategies, a critical part of any iGaming or online gambling operation. It also creates a secure gambling environment for the players. 2%, evaluated on a real-life dataset. Agolapu Dileep. Apr 2023. Use Cases. Download the Guide. In that sense, it is similar to a credit score check, where a credit bureau assesses the financial risk posed by a user action (taking out a loan, or opening a new account). Collect data from a user’s device: GPS, GSM, WiFi, plus IP addresses. Arkose Labs protects global gaming companies from evolving attacks and blocks all automated activity aimed at monetizing stolen data. 4% in gambling between 2019–2021. Using. Get Ahead of Fraud Trends. The first step is for the fraudster to create a synthetic identity, blending stolen, manipulated, and/or manufactured data. Above, see how SEON lets you filter out good from bad affiliates (merchants) based on approved. These can include machine learning, device and location intelligence, multi-factor authentication, manual transaction review, transaction monitoring, using various types of fraud detection software, and more. AACasino Ltd. and possibly even a sign of account takeover in iGaming. In typical pyramid scheme fashion, a fee will be requested, and investors asked to recruit more people to the scheme. Incognia analyzes the integrity of each device to determine whether it is manipulating the data provided to the client app. Prevent driver fraud with advanced detection of GPS spoofing, emulators, jailbroken and rooted devices. The gambling industry is highly regulated. September 19, 2022. What was once fraud detection software for the iGaming niche has evolved into a series of powerful tools adaptable to any vertical. In fraud detection, AI is integrated into data analysis tools to flag risk indicators deep inside data pools, at digital speed. The most common reasons it’s used are: Fake reviews/feedback: It’s so easy to create an email address or social media profile, that many people. They have no tolerance for license holders that do not take the necessary actions to prevent, spot and prevent fraud. 1. Incognia's cutting-edge technology provides the iGaming industry with real-time insights that enable proactive fraud prevention with minimal friction. Verify consumer identities with robust data. It's time to prioritize user-friendly & seamless player location checks to reduce fraud, boost user engagement, and generate more revenue while remaining compliant with legal and regulatory requirements. Here are four ways that OCR Labs keeps iGaming operators secure and fights deep fakes and synthetic IDs: 1 - Preventing identity theft. 2%, evaluated on a real-life dataset. In this article, you won’t just see some of the current possible types of fraud, but you will also learn how to detect and prevent them. (insurance fraud, iGaming fraud, etc) Adopting. That said, gamblers can unhesitatingly initiate payments without risking their personal and financial data. In the virtual world, everything keeps getting updated with time, so are the strategies and tools of the hackers. If you can use the same tools for fraud detection and monitoring digital transactions from one platform that provides your team with access to real-time data, you can stay ahead of bad actors and keep their hands out of your business’ pockets. 77% compared to 19. 6% in iGaming and 29. One of the simplest AML rules is also one of the most effective: using IP analysis to geolocate users. This proven fraud protection solution keeps your business at the global forefront. Identify early signs of fraud to protect your assets and players throughout the entire player funnel. Face spoofing detection methods, including liveness checks, have evolved to minimize emerging risks in order to defend against such risks. Global online gambling is a multi-billion dollar market. Operators must arm themselves with state-of-the-art tools and practices to counter these threats. Here is what the implementation of AI-powered tools actually means to igaming risk management: comprehensive analysis of the entire lifecycle of players, automated and semi-automated player segmentation, real-time detection of risky behavior with corresponding alert notifications, instant application of restraining measures based. In the case of an. 3. In 2022, 24 iGaming platforms have already received fines totalling £48m in the UK alone. Even for iGaming operators that are stacking their decks with best-in-class risk management solutions, fraudsters still find a seat at the table. 4. See why more than 900 global businesses use Onfido for their digital identity verification needs. This is why establishing connections between users as soon as possible can stop potential fraud at the onboarding stage. They identify and detect suspicious orders by interpreting large. Greco’s innovative approach uses real-time data analysis to detect and address bonus abuse. is working with US regulators and walking them through its first set of generative AI pilot projects to ensure all controls are in. PDF | credit card fraud detection | Find. Fraud Detection and Prevention. We also present a strategy to detect and iGaming Fraud Stats 2023. There are many types of loan fraud, such as mortgage fraud, payday fraud, ATO in online lending, and loan scams. Fraud detection is crucial for protecting any business, and for that, fraud detection tools are pretty essential. Find out method the industry-leading ecommerce fraud prevention can benefit your business. With its application, SEON aims to help businesses in New Jersey combat the issues such as multi-accounting, affiliate fraud, chargeback fraud,. In short, it can help you tell whether a customer is lying about their identity. And so have the associated fraud risks. Available 12/4:…Detect and prevent the fraudulent abuse of your business by training all relevant staff at many different points in the customer journey. Lawyer · iGaming and Data protection Estonia. Let's level up the #iGaming industry. So, how did we do it? Step 1: Problem Statement. While internal and external audits have always relied on the examination of company data to identify fraud, audits examine only a fraction of a company’s data. 4,795 followers. <br>• Selling gaming software and content across multiple markets / Jurisdictions<br>• Establishing, developing and maintaining key. This paper presents a real-time fully autonomous prescriptive solution for explainable cyber-fraud detection within the iGaming industry. 1 billion in 2021 into a nearly $154. Industries Banking. to get help developing your iGaming fraud prevention strategy. On the worldwide scale, the number is even more devastating – $31. Emotional Trauma: Being a victim of any type of fraud can cause emotional distress, causing trust issues in gaming platforms and the industry as a whole. In 2022, 24 iGaming platforms have already received fines totalling £48m in the UK alone. Growing AI-powered fraud highlights the need for advanced fraud detection. Automated KYC procedure. The fraud detection process consists of gathering user and transaction data, feeding it to risk rules, and automatically approving or declining actions based on the results. International Revenue Share Fraud or IRSF is where attackers artificially inflate traffic to international premium rate numbers (IPRN). With large amounts of sensitive data and more transactions per minute than many banks, iGaming is an ideal target to cyber attacks. Opaque pricing: As is often the case in the world of banking fraud prevention software, you’ll have to jump through sales demo hoops before you can get a quote. Scaleo is an affiliate network software that provides the greatest iGaming discounts. Shanmugasundaram Hariharan. November 23, 2023. In a.