How Online Casinos Prevent Fraud

Criminals target websites and businesses to steal financial information from their customers, such as credit card information. With technical skills and digital sleight of hand, a hacker may be able to retrieve financial information on hundreds of customers and use it to complete transactions, buy luxury items and sell them on.

More than 4000 of TalkTalk’s customers had their data stolen from hackers in 2015, including bank details, which highlights the capabilities of these hackers even when facing high-profile companies. Online casinos need to be particularly careful because hackers know these sites store thousands of their players’ bank details.

This is why online gamblers should always join established and reputable operators such as PartyCasino. It is these global brands which boast the highest level of security and encryption that give all their players the confidence of knowing all personal/financial data is safe.

However, it is not just threats from external parties that online casino operators need to look out for. Unfortunately, players can be guilty as well. As a result, we have taken the liberty of highlighting three other types of fraud that are prevalent in the industry.

#1: Bonus Fraud

Online casinos have to compete with an endless string of other sites and the way they compete best is by offering players appealing bonuses. These promotions are available to new customers as a way of rolling out the red carpet and keeping them playing at their site over others. The bonuses are a once-in-a-lifetime event and players try to take advantage of this by signing up multiple times with different emails, addresses and even names.

This is a type of common player fraud and it could backfire. If you win big down the line the casino may want to check up on your past account activity. If they see you have made duplicate accounts they could deny you your winnings.

#2: Chargeback Fraud

Chargeback fraud is a type of fraud that usually goes in the player’s favour – but that doesn’t give them the right to do it. It occurs when a player loses money to a casino and denies making the payment to their bank so the bank recovers the monies.

If the casino challenges the payment and demands the money back, they can have it back. However, too many challenges damage the relationship between card issuers and the casino may not be able to accept some common payments in the future. For the casinos, it is better for them to let it go rather than harming their business with reduced payment options.

#3: Collusion

One of the oldest tricks in the casino fraudster handbook is collusion. This is when two players or one player with multiple accounts will play a game to guarantee themselves money through a bonus. For example, if the site is offering a free $100 for every $300 spent. The two players can play against each other until they both lose $300 to each other. Thus, they both get the free $100 and their money back afterward. Note, casinos are on to this and will punish offenders.

It’s Not Worth It!

If you have ever considered trying to scam your way to casino victory, think again. The repercussions of getting caught are beyond a slap on the wrist. Committing any type of fraud is a serious offence. Online casinos are a lot of fun and there is no reason to ruin that for yourself and other people.

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