Bonus Abuse

4 Tips for iGaming: How to Save Money and Win Big

December 21, 20225 min Read

igaming fraud

The world of virtual gaming, which includes online gambling (iGaming), has become increasingly popular in recent years, with many people turning to online casinos and betting sites to enjoy their favorite games. While this can be a great way to have fun, there are some considerable cybersecurity risks involved. And if players aren’t careful, they can lose a lot more than just money. 

How to Secure Online Gambling

Fortunately, many online gaming and iGaming sites offer a variety of security measures to protect players from fraud, such as encryption, SSL protocols, password protection, and two-factor authentication. In the gaming industry, many online casinos also use the latest encryption technology to keep personal and financial information safe and secure.

Even so, anyone partaking in online gambling should be aware of the security risks and the many ways fraudsters can win your personal data and dollars. Here are four key ways savvy online gamblers ensure the security of their iGaming experience:

1. Research reputable online casinos:

Check out the gambling website before playing or betting on any online casino or iGaming website. Reputable online casinos can offer a safe and secure experience for players. But users should make sure to play on a licensed and reputable gambling site, with a secure payment system. 

Look for signs of good customer service, such as a readily available customer support team. This is a great time to shop around for the best deals. Take the time to research and compare the prices of different online casinos, as some sites will offer better deals than others. 

2. Use secure payment methods:

When playing online casino games, it’s important to use secure payment methods. This can include using e-wallets like PayPal, or using credit cards with added security features such as CVV2 numbers. Make sure an iGaming site has a secure payment processor and that payment information is encrypted. 

Always read the terms and conditions on casino sites, as well as any bonus terms that might apply. Some sites have restrictions on how bonus funds may be used, or may require a certain amount of play before players can withdraw any winnings. Knowing the terms can help you avoid any unnecessary costs or delays in getting your winnings.

3. Utilize secure Networks:

When playing or betting online, it’s important to use a secure network. This can be done by using a Virtual Private Network (VPN), which encrypts data and makes it impossible for hackers to access personal information. It’s also important to make sure a computer or device is equipped with the latest security updates. This helps to ensure that personal information and financial data is protected from fraudsters and other malicious actors. 

4. Watch out for fraud:

Many online casinos and online gaming websites offer bonuses and promotions to help players get free spins, or even receive special rewards and prizes—but there are dangers. Bonus and promotion fraud (promo abuse fraud) in iGaming is a growing problem, as it is easy for fraudsters to take advantage of unsuspecting players.

Cybercriminals create false bonus and promotion offers to entice players to sign up and deposit money on gambling sites. These offers often promise large sums of money or other rewards in exchange for playing a certain number of online games or depositing a certain amount of money. Unfortunately, these offers are often fake, and the money or rewards promised never materialize.

Bad actors and hackers also use legitimate offers to get players to deposit money. They then use this money to gamble on the site or withdraw it without ever actually playing the game. This type of fraud is especially prevalent in online casinos, as they typically offer larger bonuses and promotions than other types of iGaming sites. Fraudsters also use bonus and promotion offers to target specific players. Cybercriminals might, for example, only offer a bonus or promotion only to players who have already put money on the site. This type of digital fraud allows cybercriminals to target online gamblers who are more likely to be vulnerable to scams, as they may be more likely to trust the offer and deposit money.

If a player does suspect that they are the victim of a bonus and promotion fraud, or have had their personal data exposed, they should contact their bank or the online gambling site immediately. By researching the site, using secure payment methods with encryption, monitoring your playing, utilizing secure networks, and taking careful advantage of bonuses and promotions, you can minimize vulnerabilities and ensure your experience is secure and enjoyable.

How Arkose Labs Fights iGaming Fraud and Saves Money

Arkose Labs provides online gamblers and iGaming and casino operators with a comprehensive solution to combat automated attacks and the monetization of stolen personal data. Our platform evaluates every request's context, behavior, and history to triage online traffic based on its risk profile. Then, we use our own technology to give suspicious traffic enforcement challenges that can definitely tell the difference between real users and fraudsters. 

Our feedback loop helps reduce false positives and minimize the impact on legitimate online gamblers, allowing casino operators to reliably safeguard their platforms and disrupt the economic incentives for promo abuse fraud. This shift in protection saves both consumers and gaming companies money. 

To gain more attack insights, check out our new Q4 2022 Report: Gaming Industry Threats Leveling Up

To find out how our solution for iGaming and online gambling can help your organization, book a demo today.