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Betting and gambling fraud

It can happen when someone uses the account of other players or steals account details to gain entry into gambling sites, uses AI to defraud such websites, or uses other technical tools to fix the matches. 

In addition, some firms claim they can provide information about the winning bet through various methods, and they guarantee to get you to profit through such sports events.

How To Protect Yourself?

  • All the offers with a guarantee to win in gambling or a bet are bogus. 

  • There has been a significant rise in the number of people who want others to bet on their accounts. Do not act on behalf of others, as all such activities involve using illegal funds.

  • Beware of the people who want to sell a secret about match-fixing. 

  • If they were aware, they would have tried to benefit themselves. Professional brochures and testimonials of previous clients support all claims made by such representatives. Often, they produce fake testimonials of previous winners who claim the support helped them gain every time in the bets. 

  • Often, they ask the victim to pay an advance subscription fee and give the account details. The client may be asked to pay a subscription fee for regular access to confidential information. 

  • One should always be careful of such people/callers who seek access to bank details and clients' sensitive information through gambling. In case you suspect any such fraud, report it to the authorities. 

  • Some such groups use tricks to manipulate markets to gain favourable results. They do this by entering the betting site through several accounts. 

There are risks of loss of information to cybercriminals in various card gaming platforms, as they enter the user's device through viruses/apps to gain access to vital information. 

Online gambling firms face losses due to such incidents, and they are integrating systems to spot certain patterns / peculiar activities to reduce risks. The gaming industry has been trying to reduce the loss of information by improving the verification process and banning credit cards. 

Moreover, they adhere to the KYC policy to improve verifications to provide a safe environment. However, anyone who suspects fraud can report it to the commission and raise their concerns.

Date Published: Sep 13, 2023

Types of fraud

A-Z of fraud

To help understand which fraud you've been affected by, we've categorised them into an alphabetical list.

What is fraud and cyber crime?

Cybercrimes can be of two types. First, it can be cyber dependent, where the fraudsters use online devices to convince the victim to accept their offers.

Advance fee fraud

If you are trying to get a loan for a house or a car, they ask to meet the provider to get the financing arrangement and pay the finder's fee in advance.

Corporate fraud

Corporate frauds can be complicated, committed either by the firm or an individual. Nevertheless, it mostly involves cheating where the employee or the firm.

Individual fraud

There are many types of individual frauds related to advance fees, investments, insurance brokers, bogus tradespeople, Ponzi schemes, pension liberation.

Online fraud

Hence the number of cases of online fraud is increasing each year, and most such cases include – account takeover, direct frauds, or scams related domain names.

Identity fraud and identity theft

The criminal uses the stolen identity of another person living or deceased to conduct unlawful activities like obtaining goods or services in another's name.

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