Blog

Identity Spoofing is the Most Prevalent Attack Vector for the Gaming and Gambling Industry

Admin Globaldots
12.10.2018
image 1 Min read

A new ThreatMetrix Cybercrime Report revealed that identity spoofing, fuelled by stolen identity data, is the most prevalent attack vector for the gaming and gambling industry. It also pinpointed a marked growth in location (IP) spoofing attacks.

In the second quarter, location spoofing became the fastest growing attack vector in the space, increasing 257% year-on-year. This is due to the availability of more sophisticated location spoofing tools, which fraudsters use to attempt to disguise their true location to launder money. From collusive play and self-excluders, to malicious account takeovers (ATOs), operators must always be able to differentiate trusted users from fraudsters.

Mobile transactions also continue to rise, as people increasingly use smartphones to place bets and access accounts. 71% of all gaming and gambling transactions are now made via mobile devices, a 45% increase year-on-year. Fraudsters have identified mobile as a key opportunity to monetize stolen credentials, with mobile payments more heavily attacked than any other transaction.

Read more: Help Net Security

Comments

0 comments

There’s more to see

How Separating Data & Network Security Protects Your Supply Chain
Supply-Chain Data Protection
Dr. Eduardo Rocha, Senior Solutions Engineer & Security Analyst @ GlobalDots 09.05.22

Software supply chain security is an enormous concern for businesses today. According to a 2021 Argon cybersecurity report, software supply chain attacks increased threefold in 2021 compared to the previous year.  The constant race of companies to do things faster while delivering a better, richer user experience adds a multitude of vulnerabilities to the supply […]

Read more
SASE vs. SD-WAN: A Quick Guide
SD-WAN and SASE
Miguel Fersen, Senior Cloud Consultant @ GlobalDots

New technologies have a wicked tendency to pile up. With cloud solution categories now emerging on a weekly basis, the result of bringing them into your estate is usually more complexity and confusion. But sometimes, a single new technology allows us to rid a bunch of old ones in a snap. SASE pretends to be […]

Read more
Old Dogs, New Tricks: Innovating with CDNs
Content Delivery Network (CDN)
Dror Arie, Senior Solutions Architect @ GlobalDots 20.04.22

Today’s digital businesses with global customers cannot afford slow page loads and applications caused by physical distance and latency issues. Page load speeds can have a significant effect on customer acquisition and retention. Walmart discovered that a 1% increase in page load time results in a 2% increase in conversion rates. So businesses are using […]

Read more
Unlock Your Cloud Potential
Schedule a call with our experts. Discover new technology and get recommendations to improve your performance.
Contact us