Online Gambling enables people to access casino games and other gambling activities via their web browser or mobile apps. These sites are regulated and licensed in most areas where they operate. However, gambling carries many of the same risks as other forms of online activity including addiction and financial harm. To help players control their gambling, there are a number of tools available including universal pre-commitment and self-exclusion, which have been shown to be the most effective.
In addition to phishing scams and other social engineering attacks, criminals exploit gambling platforms to steal and launder illicit funds. Phone top-up abuse – where fraudsters trick unsuspecting gamblers to fund their accounts using stolen credit cards or fake identities – is another problem. These activities can put a strain on relationships with payment processors and limit the range of deposit options for players. They also place a heavy burden on the resources of anti-fraud teams.
A unified approach to prevention and detection is essential for online gambling operators. By integrating risk management strategies into registration processes, companies can stop more fraud before it occurs and reduce operational strain. By enabling fraud teams to focus on high-impact threats, companies can protect their reputation and build trust with their customers. This proactive approach also helps to reduce the impact of fraud on revenue. Ultimately, it is the most effective way to mitigate gambling-related financial crime.