The video game Fortnite has experienced a meteoric rise in popularity, reaching over 125 million players in less than a year. In May 2018, less than a year after the game’s release in July 2017, the game raked in a record $318 million in revenue in just one month. While the game is free to play, there is…
There’s no question that online gaming is hot. There’s a lot of money on the table — the global online gambling industry is expected to generate revenues of more than $74 billion by 2023. Casumo launched in 2012 with a vision to disrupt the status quo in the online gaming industry. The company prides itself in…
The promise of Augmented Intelligence is undeniable. At this year’s Google I/O developer conference, Google demoed a very natural-sounding Google Assistant making an appointment over the phone — a feature it calls Google Duplex. This wasn’t just auto-filling an online form — this was a phone call between Google’s AI Assistant and a human working…
Intuitively, I think most of us presume that fraud spikes if you’re in retail and dealing with e-commerce. Last year, online fraud attempts in the period from Thanksgiving Day to December 31 increased by 22 percent, while the number of overall transactions increased by 19 percent (Source: ACI Worldwide, January 2018). In fact, on peak…
In a 24/7/365 world of digital access to anything, any time, the on-demand experience is engrained in all aspects of modern life, whether at work or play. This need for excitement and instant gratification also applies the global online gaming and gambling market, which is rapidly growing and expected to generate revenues of more than…
Can you imagine going a day without going online? No email, no social media, no silly cat videos, no 24-hour news cycle…it seems almost impossible because we spend our lives connected to the internet. In fact, the average number of hours that users go online has reached a new high at 23.6 hours per week,…
The number of children betting regularly in the UK has quadrupled to 450,000, according to a new study out by the UK Gambling Commission. Alarmingly, the amount of children ages 11-16 with a gambling problem has now climbed to 55,000, according to the report. In fact, more children said they had placed a bet in…
There are a number of convincing arguments that I could make about why you should outsource your identity verification (sometimes referred to as eKYC services), including: Focusing on your core competency. Whether you’re a bank, a telco, a healthcare organization or a sharing economy company, reliable identity verification is usually not part of your core…
Deception shows its face in many forms within online gaming. Thanks to major data breaches and the rise of the dark web, personally identifiable information (PII) including names and email addresses is easy to acquire, which fraudsters can then leverage to trick gaming sites. According to the Q2 2018 ThreatMetrix Gaming and Gambling Cybercrime Report,…
Financial institutions are an obvious target for cybercrime. Unless they double down on strong internal security against a broad range of threat vectors, they will continue to be targeted and victimized by fraud rings and nation states. Unfortunately, their IT security is perceived to be deficient — especially within smaller banks and credit unions. Making…