Beware of the Frauds , how pandemic is affecting gambling negatively

[fiulpro]

Apparently we all know that with the COVID situation still running we have:
1. Problem of revenue generation
2. Gambling being an excellent source of income for the government
Therefore : there are way fewer restrictions as compared to normal when it comes to online Gambling right now. But according to the studies there is an increase in frauds also, apparently by 9% in the igambling section.

In its recent Global Consumer Pulse Study, the company analyzed different industries for a change in the percent of suspected digital fraud attempts against them, comparing the periods of March 11, 2019-March 10, 2020 and March 11, 2020-March 10, 2021. Online gambling saw a growth of 54.81%, with “Policy/License Agreement Violations” found as the top type of fraud; and there was a 48.40% increase in the case of online gaming, being Gold Farming the top type of fraud.

Now how are the companies coping up with this ?
Striving the provide a safer environment for the players the companies are monitor activities using AI. Which also have a downside since now it can be used to collect the data of the people involved and therefore the security might be better but your all moves would be registered in the company's database despite it being Private" anonymous".....

At the same time it's been taken into consideration that the biggest problem is the "players not being in the allowed geographical areas"

These things are not expected to continue for a long time but I do think one should : Be more careful. ( Rejoice that the laws are a little bit loose now and we have more options but also keep in consideration that the online frauds related to igambling are also at a peak)

Source : https://www.yogonet.com/international/noticias/2021/03/26/57001-online-gambling-sees-suspected-fraud-trends-grow-nearly-55por_ciento-yoy-during-pandemic?amp

What do you think ? Have you also noticed an increase in the malicious activities in the online Gambling section right now? Do you like the idea of AI tracking your every move?

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[Jemzx00]

Due to pandemic, most of our daily transaction has been moved online and one of which is Gambling. Even though, online gambling and e-casinos already existed before with gambler who rather don't want to go to physical casinos to gamble and have fun, majority of offline gamblers came to and have migrated to online casinos to continue their gambling activities.

With all of this, transactions and activities being made online comes with illegal and illicit activities of bad individuals. One of main target of these individuals are E-casino or online gambling, due to the revenue and large sum of moneys involve. One of the best example for this are the number of phishing website that imitates gambling website and most of them are advertised by google which made them first on the list when the website is search via google.

[finaleshot2016]

Because of the current situation, more people are turning to the internet; many gamblers are unable to visit casinos. So gamblers are going from offline to online because it is their routine, and they can't stop gambling for long periods of time because some of them are already addicted.

Because of the pandemic, online gaming sites are becoming increasingly popular. As I previously said, many gamblers are turning to the internet to gamble. Of course, as the number of users grows, so will the number of frauds and scams. Similar to the situation on social media sites, where there are a large number of users, there are also a large number of people who will take advantage of every chance, no matter how bad it is.

[MAAManda]

Covid-19 has really brought almost all activities online, from school to work. In my own country, many people have lost their jobs and then played online gambling to make ends meet. However, until now I have not come across a crime regarding online gambling.

There are so many cases of online fraud in my country, but not about gambling. As for AI Tracking, I don't agree with that being enforced. After all, we can't just believe it ...

[vintages]

What do you think ? Have you also noticed an increase in the malicious activities in the online Gambling section right now? Do you like the idea of AI tracking your every move?

In another article by Fraugster
https://www.fraugster.com/resources/post/ai-fraud-prevention-for-online-gambling-operators  they listed a lot of ways the Artificial Intelligence will help prevent this fruad issue which includes monitoring a user log in with different IP address, monitoring their use of credit or bank info's, monitoring the use of certain proxy, users finger print and assess customers’ selfie videos and IDs.

I don't know about you but it sounds creepy to imagine that I am been monitored to this level just to play and bet on games online.

While the use of AI is a good idea, it also sounds like a something indirectly been set or hijacked by the government to monitor their citizens IMO.

Hopefully, the pandemic will be over, and life will be back to normal in most countries, then it use should be reconsidered before implementing.

[dunfida]

Covid-19 has really brought almost all activities online, from school to work. In my own country, many people have lost their jobs and then played online gambling to make ends meet. However, until now I have not come across a crime regarding online gambling.

There are so many cases of online fraud in my country, but not about gambling. As for AI Tracking, I don't agree with that being enforced. After all, we can't just believe it ...

This pandemic situation did really bring out even more hard situation specially now that it isnt still get resolved until this very moment.Yes, it didnt only affect gambling indsutry
but other things as well which im not really that surprised if these kind of frauds and other things do happen.Imagine that it did even happen before the pandemic
sparks out.How much more into these days where living or having a job or sustaining yourself is already a challenge for someone?
As for AI then its a good idea but we know that we arent there yet but still there are ways already when it comes to fraud detection.

[romero121]

More countries are experiencing the second wave of covid-19. Some countries have started the lockdown to restrict people and reduce the spread. Once again this will make people spend more time on online activities. This is the reason why more frauds are happening on the online gambling business. When people don't have work for living, people look for opportunities and this at times lands them on fraudulent activities. One such is the usage of legit platforms for fraudulent activities and these days everything need to be kept with perfect security, because more tampering happens.

[mindrust]

Either choose a casino that has a very long very good track record or a valid gambling license. Neither of these guarantees a perfect experience but it is better than nothing. I never understood why would anybody play on a newly established casino especially if it doesn't have a license. Let the others beta test it first.

[Hamphser]

Either choose a casino that has a very long very good track record or a valid gambling license. Neither of these guarantees a perfect experience but it is better than nothing. I never understood why would anybody play on a newly established casino especially if it doesn't have a license. Let the others beta test it first.

This isnt talking directly with shady casinos but rather talking on the users itself on committing out frauds thats why its a bit OT on what you are trying to say here.
Also people who do play on new gambling sites even it doesnt have license is just really tending to test out watters.Even reputable gambling sites are also
in this state wayback.

When it comes to covid or pandemic talks then this had been a very serious problem affecting most of businesses as of this moment specially now that the second
wave or another event or rising cases which might spark out for another possible lockdowns or ECQ's which would really be a
more big problem.

[fiulpro]

Covid-19 has really brought almost all activities online, from school to work. In my own country, many people have lost their jobs and then played online gambling to make ends meet. However, until now I have not come across a crime regarding online gambling.

There are so many cases of online fraud in my country, but not about gambling. As for AI Tracking, I don't agree with that being enforced. After all, we can't just believe it ...

Did anyone know that google was using your data in incognito too ?
All those jokes about the FBI agents tracking your device day and after hold at least 1% truth, which does mean that its essential to realize that we are being tracked but when it comes to captcha etc..these things are far too common but to actually make sure no fraudulent activities occur they might have to get AI to work , for example, letting the AI track people who are taking out the money right after deposit somehow. People who are Rushing !! Then collecting all their data and then analysing it, you are bound to find some of the scammers there. Some of them take money from the people who does not know that they can actually get betting themselves on the internet, might not have any idea of it. Place bets in their names etc.. an unprofessional bookies. Well so this can indeed help but then again this would increase the chances of your data being leaked , now how would that be relevant?
-your BTC address and everything will be on the line
-your past stakes and how much did you earn etc , now this would be all in the limelight and people will try and target you if you have a significant amount etc.. just things like this.

[Twentyonepaylots]

Put simply, more internet usage vplume dorected towards gambling and monet-related activities also draw-in hackers and fraudsters hoping to pull a fast one on one of us and basically fool us out of our money. If there is a more important period to be more vigilant and wary of your transactions over the Internet, this is now. Rule of thumb. If it seems too good to be true, it probably is, so move on and find a more suitable alternative.

[dimonstration]

Either choose a casino that has a very long very good track record or a valid gambling license. Neither of these guarantees a perfect experience but it is better than nothing. I never understood why would anybody play on a newly established casino especially if it doesn't have a license. Let the others beta test it first.

We should be extra careful in dealing with our online transactions especially to any website we will going to visit and put our money with, as much as possible do research whenever visiting a site especially if there's money involve. We have a choice not to be a victim so better do our part correctly to avoid being scam since there are plenty of fraudster nowadays.

[FatFork]

What do you think ? Have you also noticed an increase in the malicious activities in the online Gambling section right now? Do you like the idea of AI tracking your every move?

I can't say I've noticed a spike in malicious activities in the online gambling sector, but I'm looking from the viewpoint of a player, so I'm not sure what a game operator thinks about it.
And, in terms of AI monitoring my every move, I believe it is already happening on a much broader scale, and it is not limited to the gambling industry. What interests me the most is how the data is handled. We don't know what the data collected is used for or how secure it is from hackers.

[Sadlife]

I never understood why many people would play to newly established gambling site with no track record or license or atleast has a good review here in Bitcointalk for. Scam platforms like this has been around for quite some time since it originated in dark web, it should be ni different from today. Yet many people are getting baited to play in this site. Perhaps a solution is to research first before gambling and know which is legit.

[jossiel]

Scams became rampant during the pandemic and it's not only the gambling industry that has been dwelled by fraud, there are many of them but it's good to account it for those new gamblers that might not have been aware of it.

I never understood why many people would play to newly established gambling site with no track record or license or atleast has a good review here in Bitcointalk for.

Maybe some of them just want to explore and gives them the benefit of the doubt and wants to try a newer platform. Some might have been misled by the person who have introduced them to that new platform.

[Chato1977]

Well In Some Asian countries  pandemic is once again affecting the economy hardly because of another declaration of ECQ in Which stands for Enhanced Community Quarantine that will let establishments closure again and limiting the people outside their houses.

This is not Fraud but instead the hardheaded of each individuals to Make use of the safety protocols.

Now again the Burden is from the governments and businesses.

[Wexnident]

Ok, I think blaming the companies here is quite wrong. I mean, yes, they have and should combat frauds of their products/services, but if it isn't, I don't see the need to do so. Determining and avoiding frauds should be done by us, and not them. Frauds are in the end, targetting us, not gambling companies. We ourselves get affected, so we should at the very least, know how to determine a fraud from a real one. Also, frauds have always been prevalent I suppose, but it just became more so since the pandemic gave an opportunity to said fraudsters to spread their activities, especially since growth of online gambling would have been quite obvious with the lockdown.

As for the AI thing, It should be placed only on public domains (gambling casinos should be considered as one I suppose). Most wouldn't agree on the fact that someone else knows your every move, and even if they did (they won't), it isn't necessarily a good thing since hey who knows, the person who handles the data may not be as "good" as we take him to be. Not to mention that any hacks could potentially risk everyones safety.

[robelneo]

I'm not playing in many gambling sites, there are no unusual activities reported so far on gambling sites I'm playing, a gambler should take good care of their account by implementing 2FA and following the rules laid out by the gambling site, there are many scammers and malicious people trying to trap gamblers, it's been going on for a long time.

I don't like the use of AI privacy is very important for gamblers, they want anonymity and they don't know what is the extend of use of that AI because they are not familiar with how they are being tracked.

[Darker45]

This is not a big problem if gamblers would only observe the basic cautionary measures. To be safe, gamblers, especially newbies, should just stick with those gambling sites which are popular and somehow trusted and proven. Choosing those ones which have long good track records would save them a lot of potential hassles.

Don't worry much about stricter monitoring policies and measures. Stick with crypto gambling and avoid those which require KYC.

[Saint-loup]

Well In Some Asian countries  pandemic is once again affecting the economy hardly because of another declaration of ECQ in Which stands for Enhanced Community Quarantine that will let establishments closure again and limiting the people outside their houses.

This is not Fraud but instead the hardheaded of each individuals to Make use of the safety protocols.

Now again the Burden is from the governments and businesses.

As far as I know ECQ aka Enhanced Community Quarantine is a measure enacted in the Philippines, so I guess when you are talking about Asian countries you are especially referring to this country. Do you mean Manilla will be locked down again soon? It can profit to online gambling nonetheless.