Today, we at Legitimuz are going to explain everything you need to know about combating fraud in casinos and how the main anti-fraud solutions work. So, if you want to understand more about the frauds present in the casino market and how they operate, stay with us until the end.
Now, let's get started!
Common frauds in betting houses
Before we delve into the matter of anti-fraud solutions in casinos, it's interesting to show you what the most common frauds in betting houses are.
The first of all is the bonus fraud, where a malicious user abuses bonuses and manages to generate losses for the house.
This is a fraud that many casinos end up suffering from and, depending on the scale, can result in significant losses.
Continuing, we also have the CPA fraud, which is a fraud where casino affiliates generate false CPAs through third-party accounts and cause losses to the operators.
Undoubtedly, these two common frauds in online casinos end up causing thousands of dollars in losses. However, surprisingly, combating them is not impossible.
On the contrary, using one of our Legitimuz technologies, it's entirely possible. Rest assured, we'll explain more about how combating fraud in online casinos works.
Before that, it's important for you to understand how the KYC process can contribute to fraud reduction.
How does KYC help combat fraud in casinos?
KYC (Know Your Customer), a process we often talk about at Legitimuz, can drastically reduce the number of frauds in an online casino.
Through it, it's possible to verify and validate the user's identity, which reduces the number of fraudsters using third-party accounts. Consequently, this reduces the number of frauds your casino is experiencing...
KYC processes really make a big difference in the iGaming market, as they prevent minors from creating accounts in your casino, as well as preventing fraudsters from creating accounts in the names of third parties.
To better understand how these anti-fraud technologies in online casinos work, now let's take a look at some of our solutions.
Legitimuz helping to reduce fraud in the iGaming market
At Legitimuz, in case you're not familiar with us yet, we have the best identity verification and anti-fraud solutions for online casinos.
Among our main solutions, we have KYC technology for casinos, where we can verify and validate the identity of your user, preventing fraud or the creation of accounts in the name of third parties.
Continuing with our solutions, through our own technologies like BetSafe, you'll be able to prevent the two major frauds we mentioned earlier - namely, frauds involving CPA and bonus abuse.
One of our biggest advantages at Legitimuz is that we are a company specialized in the iGaming niche. Therefore, all the anti-fraud solutions we create are exclusively made for online casinos and betting houses. With this, we know all the vulnerabilities your casino may have and how to protect it from frauds.
Regarding some of the clients we have in our Legitimuz database, we can mention: Esportes da Sorte, OnaBet and several others.
So, if you want to better understand how Legitimuz solutions can help you combat fraud in your online casino, talk to one of our Legitimuz specialists by clicking aqui.
Source: Legitimuz
