How to Reduce Fraud in Online Casino Transactions
                     How to Reduce Fraud 
in Online Casino 
Transactions
Protecting your gaming platform and players with advanced 
security strategies
INDUSTRY ALERT
The Rising Threat of Online Casino Fraud
The online gambling industry faced staggering losses exceeding $1 
billion in 2024, representing a dramatic 64% surge since 2022 
according to GamblingIQ research.
Fraudsters employ sophisticated tactics including bonus abuse, 
account takeover attacks, chargeback fraud, identity theft, player 
collusion, and location spoofing to exploit vulnerabilities.
Beyond immediate financial impact, fraud erodes player trust, 
threatens regulatory compliance, and damages brand reputation in 
an increasingly competitive market.
Key Fraud Types Impacting Online Casinos
Bonus Abuse & Account Chargeback Fraud Identity Theft & 
Multi- Takeover (ATO) Collusion
Players dispute 
Accounting
Fraudsters Cybercriminals use legitimate transactions Stolen personal data 
systematically create phishing, credential after losing funds, enables fraudulent 
multiple fake accounts stuffing, and malware claiming unauthorized account creation and 
using stolen or to hijack legitimate charges. Merchants win money laundering. 
synthetic identities to player accounts, drain only 32% of these Colluding players 
repeatedly exploit balances, change disputes, absorbing coordinate in poker 
welcome bonuses, withdrawal methods, both the loss and games or tournaments 
promotional offers, and and trigger costly processing fees while to manipulate 
loyalty rewards, chargebacks that risking payment outcomes and cheat 
draining marketing damage customer processor penalties. honest participants out 
budgets. relationships. of winnings.
BEST PRACTICES
Proven Strategies to Prevent Fraud
01 02 03
Deploy Real-Time Behavioral Strengthen Identity Verification Monitor Transactions Proactively
Analytics Enforce comprehensive Know Your Customer Establish risk-based transaction monitoring to 
Implement advanced systems that (KYC) protocols with document verification, identify chargeback patterns, unusual deposit 
continuously monitor player behavior biometric authentication, and multi-factor behaviors, and suspicious withdrawal 
patterns, flagging anomalies like rapid authentication (MFA) to ensure only requests. Implement clear bonus terms with 
account registrations from similar devices, legitimate players access the platform and wagering requirements and abuse detection 
unusual betting patterns, or coordinated prevent account takeover attempts. algorithms.
actions across multiple accounts.
04 05
Leverage Advanced Technology Maintain Continuous Improvement
Utilize device fingerprinting to track hardware signatures, geolocation Regularly update fraud detection algorithms with new threat 
verification to prevent VPN and proxy abuse, and AI-powered intelligence, conduct security audits, train staff on emerging fraud 
machine learning models that adapt to evolving fraud tactics in real- schemes, and collaborate with industry partners to share insights and 
time. best practices.
Case Study: Success with Advanced Fraud Prevention
Measurable Impact
Leading online casino operators implementing 
comprehensive fraud prevention systems combining 
behavioral biometrics, device recognition technology, 
and AI-driven analytics achieved remarkable results 
within just 12 months of deployment.
40%
Fraud Loss Reduction
Significant decrease in fraudulent transactions
85% Real-time alert systems enabled security teams to intervene quickly on high-value accounts showing 
suspicious activity, preventing losses 
while preserving relationships with 
legitimate high-roller customers.
ATO Prevention Rate Enhanced self-exclusion programs 
Account takeover attempts blocked and responsible gambling tools helped identify vulnerable players 
attempting fraud due to gambling 
problems, enabling intervention and 
support rather than just account 
closure.
Contact Us & Resources
Expert Support for Your Casino
Need expert guidance on securing your online casino transactions 
and establishing a trusted merchant account for online casino 
operations? Our specialized team is ready to help you implement 
comprehensive fraud prevention solutions.
Call Us Visit Us
1-718-285-3888 Ricardo Arias St., Advanced 
Tower
Panama City, Panama
We provide tailored solutions for fraud detection, payment 
processing, regulatory compliance, and secure transaction 
management to protect your business and your players.