OFM The OFM Business Hour

Fraudsters shift their attention to online gambling

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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.
8 Sep 2021 9AM English South Africa Business · Daily News

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