AU10TIX has found that the global online gaming market, which generates $26 billion in revenue annually, saw instances of fraud in Q1 2024 increase by more than 250% compared to the same period last year. The results were led by payment fraud, which accounted for 62% of all fraud attacks during the quarter due to its limited regulation. By comparison, payment fraud made up approximately 39% of overall identity fraud cases in Q1 2023.
“Organized criminal groups are increasingly using AI to commit large-scale, coordinated identity fraud,” said AU10TIX CEO Dan Yerushalmi. “Our advanced machine learning technology, multi-layered defense system, and consortium of 60+ tier-1 companies enable us to detect and prevent this sophisticated fraud, which most identify verification platforms miss. We are committed to protecting our customers and leading ..
