SPONSORED EDITORIAL
JX X XIX X X X
UM O
SLOTS
FRAUD FOCUS
Getting to know the enemy
Last month at EIG, Jumio interviewed
a convicted fraudster on the stage in
Barcelona. Why did we take this unusual
step? At Jumio, we think it’s important
to get inside the mind of the fraudster
and understand their modus operandi
so that the egaming industry can better
detect and prevent the fraudsters as
they ply their trade
I
t was standing room only in the theatre at EIG and our interviewee,
ex-fraudster Tony Sales, was ready to recount his exploits. The
poacher-turned gamekeeper routine can be quite polarising
content in the eyes of the businesses that have previously been
targeted. Some businesses see the value in the insight that reformed
criminals have to impart. Others don’t take kindly to the (ex) bad guys
earning a (legitimate) living from reliving their past deeds.
Whatever your opinion on the matter and assuming eGR’s
readers are withholding judgment for now, we take a look at what
we can learn from this time spent talking to the guy who took the
credit card system for almost £30m using a gang of foot soldiers to
industrialise his fraud machine.
delivery of the goods, services or capital that they have obtained
through the act of fraud. And finally, they have to realise the profit
and cash out that fraud.
How do fraudsters identity theft?
In the recent Jumio White Paper, the Fraudsters’ Playbook, now
available on the Jumio site, we revealed five different ways in which
fraudsters conduct identity theft. Some of these ID theft exploits
are hi-tech in nature, some are lo-tech and some are just downright
con-tricks.
How are card fraudsters targeting gaming operators?
Typically, card fraudsters are male, computer literate individuals in
their late teens to late twenties, with access to a list of compromised
card numbers ready for exploitation. With that demographic,
fraudsters love online gaming, not just in their spare time but also
in their working time.
Here’s what Tony Sales said during his interview at EIG: “I used
to love online gaming, it was cash, pure cash. If I was on a job to
Here’s one of the fraudster’s ID theft exploits that is more hitech in nature called the ‘WiFi Coffee Shop hack’
To see more of the fraudsters’ ID theft exploits, download
the White Paper at www.jumio.com/playbook
What can we learn from (ex) fraudsters?
The first learning point here is that fraud is not one homogenous
process but is a four-part process. Fraud always begins with identity
theft, before the second stage where the fraudster commits the
actual fraud against an online retailer or a gaming operator using
the identity they have stolen. Thirdly, the fraudster has to then take
David Pope is European marketing director
at Jumio, the next generation online and mobile
identity verification and payment company.
For the past 10 years, David has worked with
ecommerce merchants, payments firms, online
gaming operators and other regulated sectors
to help them understand how to welcome new
customers while defending against card fraud and
money laundering.
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