The gambling industry continues to grow, from $540 billion in 2023 to $744.8 billion in 2028. And so does its fraud problem, surging 73% from 2022 to November 2024 - costing the sector around $1 Billion each year. Advanced scams, including deepfakes, account manipulation, and bonus abuse, have evolved in parallel with technological advances, compelling the industry to adopt equally sophisticated defenses. From biometric mismatches to multi-account bonuses, online gambling platforms face an increasingly intricate fraud landscape that is reshaping the sector’s approach to security - forcing gambling operators to hire top security firms.
Source: www.biometricupdate.com