Hackers Win Big by Gambling on Identity Spoofing

In analyzing global cybercrime patterns ThreatMetrix found that identity spoofing, fueled by stolen identity data, is the most prevalent attack vector for the gaming and gambling industry. Additionally, the Q2 2018 Gaming & Gambling Report discovered that location (IP) spoofing attacks increased 257% year-over-year, making it the fastest growing attack vector in the space. Because more sophisticated location spoofing tools are available, fraudsters are making frequent attempts to disguise their true location and launder money. Distinguishing trusted users from fraudsters is made increasingly more challenging with malicious account takeovers (ATOs) and the use of collusive play and self-excluders.