Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Effective Fraud Management for the Online Casinos

The fraud management industry has seen a surge in online casino gambling companies joining the community fraud management systems. Companies like Iovation, Ethoca, and others offer the internet gambling industry a way to team up with the other internet gambling companies and share anti-fraud information. And for the skeptics in the industry, Iovation has announced its fraud statistics for the beginning of 2008 –nearly one million fraud attempts were blocked by Iovation’s innovative community management system.

Community-based fraud management pools information across all of the online casinos on the network. That way if a fraudulent transaction is flagged at one gambling or ecommerce site, the fraud management technology uses that information to protect all of the other companies on the network. The Internet has become an increasingly pervasive platform that is vulnerable to hackers and fraudsters looking to target unsuspecting gamblers. The online casinos have previously been a major target for criminal activity and fraudulent activity when the ecommerce technology was fairly new.

Anti-fraud companies though are a new fad – one that is actually a trend you want to jump on for once. The Vice President of Marketing at Iovation commented on the results report released for the first quarter of 2008, "As eCommerce continues to grow at a rapid pace, Iovation is seeing similar growth trends in the amount of online fraud and abuse that is occurring across multiple industries.” According to Iovation’s data, the fraudulent activity originated from more than 230 countries all over the world and the shared data network allowed Iovation effectively protect the companies on its network from more than 900,000 suspect transactions and activities – and that is just for the beginning of the year!