For Daniel Molina, Vice President of iProov for Latin America, the introduction of regulation and the requirement for the use of facial biometrics, among other planned measures, represent a positive and very significant step in instilling confidence and stability in the online gaming industry.
"The measure is an important step in protecting the interests of these players as well as the well-being of service users by effectively reducing the potential for illicit activities such as identity fraud and money laundering," Molina evaluates.
The requirement for companies to verify the identity of bettors using facial recognition technology adds to other points in the bill aimed at preventing fraud, such as the provision for suspending payments for bets investigated for result manipulation and monitoring customer activities to identify potential harm or abusive use.
The Vice President of iProov for Latin America emphasizes that the use of deepfakes by criminals to bypass identification systems finds a conducive environment in online gaming systems.
Moreover, digital media injection attacks are difficult to detect and highly scalable, making them attractive to fraudsters.
iProov enables banks, government agencies, and other organizations to verify that an online individual is who they claim to be. This helps prevent identity theft and other cybercrimes while also making online services easier to access.
Source: GMB
