Online gambling is rapidly gaining popularity around the globe as more and more jurisdictions regulate and legalize it. In this increasingly competitive industry, ensuring security while maintaining a seamless user experience is paramount.
This is especially true in Brazil, where both excitement and trepidation abound regarding the imminent regulation of online gaming and sports betting. However, when any new industry forms, there are always fraudsters not far behind. This is especially worrisome in Brazil, which has very high rates of fraud. And considering the amount of money involved in sports betting and online gambling, there is no doubt that fraudsters will target this sector, with attacks ranging from account takeovers, bonus abuse, phishing, money laundering and much more.
That’s where risk-based authentication comes into play. By dynamically adjusting authentication requirements based on the assessed risk level of each transaction or user interaction, online gambling platforms can strike the perfect balance between robust security and a frictionless user journey.
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