Shutterstock/Modvector US online gambling fraud attempts declined 16% this year, TransUnion told Online Poker Report today. That’s a good sign, but those rates are still higher than Europe’s, TransUnion’s Declan Raines noted to OPR .
Raines, the head of US gaming for Chicago -headquartered TransUnion, said those US fraud attempts usually take the form of online casino and online sportsbook bonus abuse by consumers. They also include online poker chip dumping by players, he said.
Raines put US online gambling fraud in perspective as his company released new research yesterday. In 2022 Digital Fraud Trends Analysis, TransUnion found suspected digital fraud attempts against legal gambling operators around the world increased 50.1% from Q1 2021 to Q1 2022. Similar to the US, the predominant form of fraud is promotion abuse.
Meanwhile, the research found that suspected global online fraud attempts against all industries declined by 22.6% during that same timeframe. In the US, it’s down 23.1% . European operators have more experience with fraud
Shai Cohen , senior vice president of global fraud solutions at TransUnion, said in yesterday’s announcement: “Sophisticated fraudsters pressure test which industries have ramped up fraud prevention measures and as a result, turn to new industries if efforts are being thwarted. That’s exactly what we have observed recently as fraudsters look for new opportunities or points of vulnerability. It is paramount that during this dip, companies focus on optimizing the customer experience for good customers.” Raines said the US online gambling marketplace is just that new industry.
Fraudster attempts against US online gambling operators are high at the moment, Raines said. That’s because industry professionals here are just learning, he said.
European online gambling operators are more experienced and, therefore, more successful at spotting and preventing such attempts. That’s because their marketplaces are mature, Raines told OPR .
He added that TransUnion only works with legal online gambling operators. These stats, therefore, don’t include fraud by, or against, illegal offshore sites. Declan Raines, Head of US gaming, TransUnion How US online gambling fraud compares
Today, TransUnion provided OPR with online fraud rates in the US compared with global rates during Q1 […]
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