iovation reports show increasing fraudulent risk of mobile gambling

Friday 16 August 2019 10:11 CET | News

iovation has released new research showing that 49% of all risky online transactions in H1 of 2019 were placed from mobile devices.

The findings further reveled 30% of these online transactions were done on mobile in 2018, 33% in 2017, and 25% in 2016. However, 72% of online gambling transactions were conducted on mobile devices during the first six months of 2019, up from 70% in 2018, 62% in 2017 and 55% in 2016.

Businesses like iovation keep an eye on trends in fraudulent activities, and develop targeted solutions to help businesses combat scammers. The company’s report was generated from the fraud analysis of 30 billion online transactions from January 2016 to 30 June 2019. The company suggests that businesses look for specific indicators of fraud, such as:

  • mobile emulators and device positioning

  • certain mobile carriers, mobile OS versions, and and SIM card manufacturers can show a higher percentage of fraudulent activity

  • currency

  • language.

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Keywords: iovation, reports, risk, mobile gambling, fraud, online transactions, scammers, fraudulent activity
Countries: World