#OFMBusinessHour: Fraudsters shift their attention to online gambling
#OFMBusinessHour: Fraudsters shift their attention to online gambling
─── 19:29 Wed, 08 Sep 2021
Fraudsters have shifted their attention away from the financial services to online gambling and travel.
The head of emerging solutions at TransUnion, Davina Myburgh, says their quarter 2 research reveals there has been a whopping 922,7% rise in fraud related to online gambling activity. She stresses fraudsters are merely targeting industries they believe have the most activity and will as a result provide the most reward. Transunion’s quarter 1 research previously revealed that fraud attempts in the financial services increased by 187,34%. She says businesses are forced to strike a delicate a balance between protecting online customers and making online shopping a hassle free pleasant experience.