The newly released TransUnion 2024 State of Omnichannel Fraud Report found that gaming had the highest rate of suspected digital fraud in the U.S. in 2023 at 10.9%, up 9% year over year.
However, while the American gaming industry’s vulnerability to suspected digital fraud increased, globally, the industry saw a fall of 30% year-over-year, according to TransUnion’s findings. The global information and insights company found that the worldwide rate of suspected digital fraud in gaming is less than half of the U.S. industry rate, at 5.3%, but still the third-highest of all industries.
The data also showed that the most common type of fraud seen in the gaming industry in 2023 was promotion abuse, wherein people pretend to be other real or fictitious people to take advantage of sign-up ..