"Bonus abuse typically involves people repeatedly opening new accounts to claim promotional incentives such as deposit matches or free bets. Once the benefit is used, the account may be abandoned and replaced with another newly created profile. Researchers say the process has become easier for fraud networks because email addresses and phone numbers can be generated or acquired quickly."
"Gaming fraudsters conceal their locations and scale attacks by using VPNs and proxies to hide their true digital identity. Tracks are then covered using multiple devices never linked to the same email address, with criminal networks in place ready to execute coordinated fraud schemes."
Bonus abuse has become the primary fraud concern for online gaming operators in North America, according to a LexisNexis Risk Solutions survey of nearly 1,000 industry decision-makers. The problem involves criminals repeatedly opening new accounts to claim promotional incentives like deposit matches or free bets, then abandoning accounts after exploiting benefits. Fraudsters exploit easily generated email addresses and phone numbers to cycle through numerous accounts efficiently. Other prevalent fraud tactics include multi-accounting, affiliate fraud, and stolen identity use. Most respondents indicated fraud levels have not improved, with organized criminal networks using VPNs, proxies, and multiple devices to conceal their activities and scale attacks while evading detection.
#bonus-abuse-fraud #online-gaming-security #account-fraud #identity-theft #promotional-incentive-exploitation
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